Keep an Eye on what is Happening in China … Something big is close to happening on China’s Shanghai Composite Index. Take a look at today’s Shanghai chart and you will see that there is a huge triangular pattern going back to 2005. The support and resistance lines both have 3 touch points and the [...]
China’s Shanghai Composite – Nov 4th
November 4, 2011 By
Friday, November 4th., Chart 1 – China’s Shanghai Composite: Last night, the Shanghai Composite was up +0.81% and closed at 2528.29. We elevated the Shanghai to a Danger Condition on April 25th, followed by a Sell Signal on April 26th, where it has been since then. The Shanghai has been trying to build short term traction for the [...]
Watch the Shanghai Composite Index!
May 12, 2011 By
The Shanghai Composite Index is showing a pattern that is suggesting a VERY LARGE move is just around the corner. How large? A move that could go approximately 48% in either direction over time. Actually, it will be in the direction of the breakout which is yet to be seen. A move of this magnitude [...]
China’s Shanghai Composite:
February 24, 2011 By
Thursday, February 24th, Chart 1 – China’s Shanghai Composite: Last night, the Shanghai Composite moved up +0.56% and closed at 2878.60. Bias remains to the upside with the Accelerator in an Up Condition for the Shanghai Composite. Do note that the Shanghai’s Accelerator had a sharp down tick during the past three days with its RSI [...]
