iFeng has posted a chart that shows the big moves in China's last bull market. Most moves were huge in percentage terms and occurred over the course of a few months, similar to this latest surge. The last chart shows the latest surge in prices and asks, which stage?
The blue underneath each stage gives the following info:
Time
Point Move
Percentage Gain
Average Daily Volume in ¥100M
上证50 = Shanghai 50; 沪深300 = CSI 300; 中小板= SME Index;
in the last box, A股平均仅上涨7% = the average A share stock only increased 7%. Which signaled the end of the bull market as the rally narrowed.
The picture won't post in full size on blogger, but it's visible at iFeng.
Amusing Ourselves To Death
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Give them bread and circuses and they will never revolt – Juvenal, Roman
poet The decline of Rome was the natural and inevitable effect of
immoderate great...
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