The Shanghai Indicator for Global Markets.

 

1. From 2005 the Bull Run was confirmed by my Signal.
2.  End of 2007; saw the confirmation of its Bear Run.
3. Beginning of 2009, we got confirmation of another bull run.
4. It was short lived and could not pierce through the 38% retracement level.
5. Few weeks back its next bear run was confirmed.

 

See the Signal arrows for al above activities.

The Shanghai Indicator:

 

Chinese market always leads either in the Bull or Bear Run. Cannot believe.. Look at the chart.

The Blue live is the SSE index and Green DOW.

• At position 1, the Blue line crossed the green downwards few weeks ahead of the 2008 Crash. We saw the market crash in 2008.
• At position 2, before 2009 Feb starts The Blue live crossed the Green upwards. And after a month we saw global markets rally.
• Now we are at position 3. The blue line has crossed the green downwards. We are now seeing the symptoms of another fall.

I know history need not repeat. But is it not worth taking care

Chart Curtsey: yahoo finance.

 

 

 

 

 

 

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES