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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Shanghai Share Market Outlook

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    Shanghai Share Market Outlook Empty Shanghai Share Market Outlook

    Post by Lobo Tue 25 Aug 2015, 3:01 pm

    Shanghai Share Market Outlook
    Posted on August 24, 2015 by Martin Armstrong

    Shanghai Share Market Outlook SHNGHI-D-9-24-2015
    Despite the fact that the rally in Shanghai was by no means a real bull market, regardless of the percentage move back up, keep in mind that what goes up big also goes down in a hurry. This market can make new lows in today’s session, taking a hint from the USA and Europe.Shanghai Share Market Outlook SHGFOR-D-8-24-2015
    Our timing models point to today with volatility remaining high for the balance of the week. This should keep Western markets on their toes, albeit they are not in the same technical position.
    Shanghai Share Market Outlook SHNGHI-W-8-24-2015
    The critical support lies at 3049100 and a monthly closing beneath that warns that we should see a sharp drop test back at the 1980000 area. Support lies at the Weekly Bearish Reversals to be found at 3195880 and 3126900. A breach of this area warns of an eventually drop back to 1984800. A monthly closing beneath that level will confirm a revisit of the old lows lies ahead.
    Shanghai Share Market Outlook SHGFPR-M-8-24-2015
    Here we fully expect that the low on this correction may not be seen until September. This would certain keep Western market on the edge.

    This entry was posted in Future Forecasts and tagged Shanghai, Shanghai Daily, Shanghai Monthly, Shanghai Weekly by Martin Armstrong. Bookmark the permalink.
    http://www.armstrongeconomics.com/archives/36477

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