ssec h&s

mtvk · Veteran Poster Joined: 12 Jun 2007 Posts: 241

target around 4000.

rffrydr · Posted: Mon Mar 17, 2008 8:45 pm Post subject:

Be careful applying "indicators" to this market. Remember the thing is one giant "short squeeze" (relative to savings) on a marginal float. Supply made the top--not Buffet selling or anything else.

Oil (and the soy kind) are as key here as rates.

BTW there's a thread on this in the China section, "Shanghai."

http://www.marketthoughts.com/forum/shanghai-overview-t5172.html
_________________
Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Mon Mar 17, 2008 8:44 pm Post subject:

Be careful applying "indicators" to this market. Remember the thing is one giant "short squeeze" (relative to savings) on a marginal float. Supply made the top--not Buffet selling or anything else.

Oil (and the soy kind) are as key here as rates.

BTW there's a thread on this in the China section, "Shanghai."
_________________
Today is the Tomorrow you worried about Yesterday!

mtvk · Veteran Poster Joined: 12 Jun 2007 Posts: 241

volume confirmation or not h&s target reached.

I still think US market more attractive than vertically ascended and now descending $ssec. 3500 will have good support, though.

HenryTo · Posted: Thu Nov 22, 2007 7:29 pm Post subject:

mtvk,

Thanks, that is what I had suspected. Who knows - that volume confirmation may come sooner or later. I suspect there is one more rate hike from the People's Bank of China before the end of this year, and that has not been discounted by the markets just yet.

Best,

Henry

mtvk · Veteran Poster Joined: 12 Jun 2007 Posts: 241

H,

Found the volume data in http://www.sse.com.cn/sseportal/en_us/ps/md/sh_b_qck.jsp?code=000002.SS&cycle=0

Volume is not confirming the h&s breakdown.

HenryTo · Posted: Thu Nov 22, 2007 3:00 pm Post subject:

mtvk,

Do you have access to a volume chart accompanying the price chart?

Thanks,

Henry