As what I keep saying - Shanghai market, first half bull charge had completed. What next is it is going to be volatile, and it needs a proper correction. We saw that over the past few days. And today it has the heaviest fall of -7.4% Till date, SSE has corrected -20%.
What about China A50 Future? So far, it has dropped 21.2%. So what's next? Minimum correction of 20% is what I am looking at. As long as nothing goes wrong, this is a positive correction. Prepare for the second half bull charge. How long this second half will last? Depend on steep the slope is. Whether is a gentle 30 degree slope of 75 degree slope. The steeper is it the faster it end. Refer to the below 2 chart.
Having said that, watch out what is happening on Greece as well.
What about China A50 Future? So far, it has dropped 21.2%. So what's next? Minimum correction of 20% is what I am looking at. As long as nothing goes wrong, this is a positive correction. Prepare for the second half bull charge. How long this second half will last? Depend on steep the slope is. Whether is a gentle 30 degree slope of 75 degree slope. The steeper is it the faster it end. Refer to the below 2 chart.
Having said that, watch out what is happening on Greece as well.
No comments:
Post a Comment