Saturday, June 23, 2012

Will China crash ?


Shanghai Stock exchange weekly chart ;
Clear long term lower highs (see red arrows)
Multiple "fake moves"
Heading to test last "key support" level ....
Focus also on their real estate ....
Mayday .... mayday ....

1 comment:

costanza said...

to gamble on this with smaller risk i'd like to see it bounce back to around 2600.

so short 2575, stop 2650, target 1 @ 2350, move stop to break even, and then let the remaining position aim for potential break down below this last big support