HSI current outlook - Sept 16, 2008

Time to watch and buy some HK stocks as the emotional sell off brought the index to 22 months low at 18300 level.  

In my opinion, HSI is currently at pretty fair value.  If you are seeking a technical rebound, try to get in around 17500 to 18300 level.  

the easiest choice is 2800.HK (Tracker Fund HK).  

it's stupid to predict the bottom.  But at this point, when fearful selling occurs, this is the time to snap up for a quick rebound.  if you are long term investors, pick up the china A index 2823.hk, 0820.hk and 2827.hk which track the A shares.