Monday, August 17, 2009

Ni Shanghai Wo!

Man I really don't like the look of this. Most indexes have healthy push and pull but Shanghai is pure momentum. It looks like the bears are really at full throttle now. Unlike more developed markets, Shanghai does not have a futures or short selling market to keep things in a relative state of equilibrium. So when the sellers come they just bring in more sellers. A lot of people are saying China is leading the world. If their index is down like this today, what can we expect in America or Europe this week?

No comments: