120 Point Growth In China

spiderwang · Newbie Joined: 28 Jan 2005 Posts: 16

In the last two week,there have been 120 point growth in chinese marker,and the volume are also rise. Investors and speculators began active. After about 600 point down tendency,i believe there will be a mutal up growth.In fact,it is beginning.

Now the ave arrive the 120 ave-line in day and arrive the 30 ave-line in week, there will be a brief break.Expect afer 2 or 3 weeks,the tendency will go on and go up 200 point at least by technical analysis .

HenryTo · Posted: Fri Feb 25, 2005 9:00 am Post subject:

Spider,

Are you talking about the Shanghai Composite Index?

http://finance.yahoo.com/q/bc?s=%5ESSEC

Recent action definitely looks good for more future gains judging by the chart. My one concern is still definitely the breakdown of the Bank Index here in the U.S. and the continuing rise in oil prices - although the market generally doesn't correlate with the economy in China? Keep up the great observations!