Wednesday, August 19, 2015

Shanghai Comp Update



Checking in from Vinalhaven Me. this morning to find China once again in the news.

Their style of market intervention is so transparent it is more honest really than our western version of same. However all equally in vain unfortunately for most.

Pls see http://www.crudewire.com/2015/07/china-shanghai-comp-50-retrace.html?m=1

"The "C" wave down measured targets are;
C=A at 718
C=.78 of A at 170
C=.618 of A at 2422"

And from here the recent consolidation   (or if you prefer goverment intervention) of the Shanghai Composite looks about done.
New lows under 3530 ought to confirm it.






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