Shanghai Index Continues To Lag
For the first half of this year the Shanghai composite index has been a leader when compared to just about any other world market.
This index made its high in late May and since then has been moving sideways while the rest of the world markets breakout to new highs.
In the above chart you can see how FXI just keeps going higher while the Shanghai index is making a lower high.
I think if the index gets below 3800, we'll probably see the low from June tested.
Obviously we can't trade this index because it's not an ETF but I thought it was worth posting about because what was once leading is now lagging.
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3 comments:
Kevin,
May I share your post on ATR with my readers (I would of course provide you with the appropriate credit and links). Also if you are interested in doing a swap I could write something to your audience about the free INO movie on technical indicators. You can find that at http://tv.ino.com/ . Or check out our blog at http://club.ino.com/trading/ . Thanks Kevin hopefully I will hear from you soon!
Lindsay
Go right ahead Lindsay, you may use my post on ATR or anything else of interest to you..I'm all about sharing..
Who can I talk to about advertising on your blog?
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