china up 23% in 9 sessions

S2007S


Registered: Aug 2006
Posts: 3718


06-04-07 01:22 PM

down 15%, I think the stronger the correction in shanghai the stronger the comeback will be. I would not be surprised to see new highs by end of June. Some of these international markets do 10-20% corrections without a problem.

If wallstreet has a 2% drop people start crying



SSE Composite Index (Shanghai:000001.SS) Edit
Index Value: 3,670.40
Trade Time: 3:00AM ET
Change: Down 330.34 (8.26%)
Prev Close: 4,000.742
Open: 3,981.817
Day's Range: 3659.09 - 3987.27
52wk Range: 1,541.41 - 4,335.96
 
Quote from michaelscott:

Think about it logically. An index/stock/etc. will pullback on what seems like a strong selloff. Then it advances. When it gets to the original pre-selloff price then the traders will have two options.
More...

You mean a standard fractal/breakout/abc extension/abc reversal/ABC pattern/pivot points/short term fib ratios etc? Sure.

I just wondered about the eminent disaster you envisaged, i mean that was nasty.
If it's some sort of secret squirrel trading secret, thats fine, above and beyond currently known facts regarding deficit figures and interational trade, i just thought it would be interesting.

Interest rates will, go up, again-very sharply im sure, if they leave it too long.
Do you have a time frame on your economic scenario?
Im thinking, 3 years for what you state to eventuate.

Just ballpark, ouji board style.
 
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