Large Decline in Chinese Stocks Underway; Analog Suggests 50% Slide into July

A week prior, investors were optimistic about a new securities regulator, hoping for higher prices and an easing of regulations. Unfortunately for investors and for him, he took the job right as the market was poised to begin a decline of as much as 50 percent.
The analog continues to bear fruit.
The ChiNext is 4.4% above its 52-week low set on September 15, 2015. If that low is taken out, it will be clear to everyone a new decline is underway.

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