Monday, April 09, 2007

Shanghai Index New High



Remember about 6 weeks how everyone thought this market was going to lead the rest of the world markets to the downside? Well take a look at the above chart of the Shanghai index. Not only is it making new highs for the year, but notice the angle of this price rise and how rapid this advance is while our stock market can only find enough strength to fill its gap from February 27th. (see charts below)

Posted by Kevin

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1 comment:

Kevin said...

I was never bearish on Shanghai, only FXI which never hit my sell stop to get short.

Here is what I thought of the Shanghai index..

http://kevinsmarketblog.blogspot.com/2007/03/shanghai-index-new-high.html

I thought a rising yen was going to take our stock market down which never happened.

5:12 AM

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