Some are calling Stephen Roach’s article dated February 11, 2024 in the Financial Times the bottom in the decline for the Hang Seng Index.
Dow Theory is very clear on this claim.
It appears that we’re seeing a double bottom in the Hang Seng Index. If the Index can remain above the October 23, 2022 low then we can feel confident about the possibility for a reversal. However, a decline below the 2022 level will mean more declines should not surprise anyone.