Friday, April 30, 2010

Longterm Technical View of Chinese Index, shanghai Composite (SSEC)

The Shanghai Stock Exchange Composite Index has been in a bull Market since 2003 and it is likely to top out in mid of 2010. The correction in 2008 could be taken as a bull market correction and the present rally since 2009 can be taken as the final rally of this bull market.

Every bull Market has to be followed by an equivalent bear market in time and depth. The five year bull market in this Index is likely to followed by  3 to 5 years bear market.

The chart that is given below could give a clue about the future movement of this Index.




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