As you all know, I treat China stock market as a leading indicator. Last Friday's monster drop has reached its 30 day moving average, which seems to be our destination as well. I will look for a bounce around 30 day moving average, both China and US.
5 comments:
It is certainly interesting for me to read this post. Thank you for it. I like such themes and anything connected to this matter. I definitely want to read a bit more soon.
I am starting to trade china market as well. But I don't have enough time, so I am now only interested in index ETFs...any thoughts would be highly appreciated. I am looking at 159903, and 110020 now.
i can't see the daily chart of 110020, but 159903 is basically an china mkt etf, it will go with the mkt. you can try some long here, stop below yesterday's low.
Thanks a lot, I will focus on 159903 then. I think this is a simple strategy for me. I checked its daily chart, and saw two gaps below current price. I suspect it will fill those two gaps first, the first gap is around 1.20, and another one around 1.15...
haha, pretty close to fill the first gap, now i am starting to collect some chips...:-)
Meanwhile, I still agree with you, I think next year, China market is a big bull market....I wish i could collect more cheap chips...
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