The Uncanny Analog Says Short-Term Bottom

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...

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