Mentorship

Mentorship

Shanghai index

24 Feb 2014 ‚óŹ 07:32 AM

The Shanghai composite moved down 2% pushing momentum into a sell on breaking the 20dma. My reading is that the recent rally china was A-B-C, and wave 3 down has started as shown below. Targets are 1909 and 1777 from 2074 currently. That is quite a bit and should keep negative news flowing out of China.

shanghai240214

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