The Nasdaq peaked in March, made an initial bottom in May, and then didn't make a new low until November. Thus far ChiNext is on schedule within a couple of days, topping in June and now making the new secondary low two months later (51 days after the peak for Nasdaq in 2000; today is day 56 for ChiNext). Clearly there's some psychological similarities at work, but how long can this hold up? I don't see ChiNext holding out until February.
Yesterday I posted Next Week In A-Shares: Test of 3391 or 3373; 8 of 10 Brokers Bearish. Those support lines were taking out in the first five minutes of trading. They might be regained before the close though...
中国广东暴雨持续 深圳发暴雨“红色警报”
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中国南部人口密度高、经济发达的珠江三角洲地区因连日持续的创纪录降雨,使当地一些城市遭受洪灾。 路透社报道说,自 […]...
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