Tuesday, August 28, 2007

China

Here is a daily chart of the Shanghai Composite Index. I last commented on this market here.

The bull market is still going strong. I think the index will reach the 5650 level before another reaction of 700-800 points sets in.
at

1 comment:

  1. Anonymous8/28/2007 11:36:00 AM

    Hi, Carl

    Thanks for update and insight.

    I noticed that there are 3 swing, each of which is 1500 points from the retest ( second low in consolidation ) in the past. The most recent one is 3600 + 1500, give me 5100. Just wonder how you work out 5650 so I can learn something from you.

    Thanks again

    JH

    ReplyDelete