Wednesday, March 21, 2007

Shanghai Index New High!



The index posted a new high close and appears to be breaking out of an ascending triangle. This is a very bullish pattern which is taking place in one of the strongest markets in the world. I'd love to buy this with a tight stop below yesterday's low, but I don't think we can trade this index.

2 comments:

gurlate said...

why not buy FXI..
i am not, as nothing is making sense to me..so i stay in CASH!

Kevin said...

FXI does not look as bullish as the shanghai index.

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