Shanghai made a double top as expected and is loosing momentum already signaling that the dive is about to come briefly. In 2010 we should see a deep pullback actually a retest of the lows is what I would be looking for. The New Chinese Year starting early Feb. will be a White Tiger year which is a combination of fire and metal in elements which do not harmonize at all - conforming the negative Astro picture for the western world. China trades textbook waves so far as wave 5 up did die at or below the wave 3 high which is a very weak and bearish signal.
Wednesday, December 16, 2009
Shanghai update - the harbinger for all markets
Shanghai made a double top as expected and is loosing momentum already signaling that the dive is about to come briefly. In 2010 we should see a deep pullback actually a retest of the lows is what I would be looking for. The New Chinese Year starting early Feb. will be a White Tiger year which is a combination of fire and metal in elements which do not harmonize at all - conforming the negative Astro picture for the western world. China trades textbook waves so far as wave 5 up did die at or below the wave 3 high which is a very weak and bearish signal.
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