Although yesterday (20th), large bearish investors made efforts to push the Hang Seng Index down to 23,847, the heavily concentrated bull warrant zone at 23,600-23,699 was not attacked. This indicates that they are either not in a hurry or lack sufficient strength to drive prices lower aggressively. Of course, if today (21st) bullish investors fail to regain momentum and successfully retake control of the market, the confidence of large bearish investors will strengthen, leading to more Hang Seng Index bull warrants being forcibly called. The current heavily concentrated bull warrant zone for the Hang Seng Index remains at 23,600-23,699, with a total of 44 bull warrants; if the Hang Seng Index is pushed down to 23,600 by large bearish investors, a total of 93 bull warrants will be forcibly called, generating selling pressure equivalent to 2,358 Hang Seng Index futures short positions. On the other hand, the heavily concentrated bear warrant zone for the Hang Seng Index is currently at 24,600-24,699, with 41 bear warrants; if the Hang Seng Index is driven up to 24,699 by large bullish investors, a total of 123 bear warrants will be forcibly called, generating buying power equivalent to 2,490 Hang Seng Index futures long positions. 'Chief Advisor of Economic Information and Trading Services, Leung Yip Ho' (Website: www.BennyLeung.com)
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