Today's post is for traders only. There was a huge Shanghai Composite Index declined yesterday - 5%!. It was obviously that the traders were leaving their marks on the bloody scene. There was a huge downside gap from 3,300 to 3,100 plus sometime in June 2008, a huge fear factor. Now the market is going back to face the same fear, if they can clear this fear, My Lord, they will feel that they are invincible - the Chinese dragons will come out from the cage. Will they go back to 5,000 - 6,000 ? Nobody knows, play at your own risks.
We used to pay attention to the US markets but now China is playing a very important role, when China market sneezes, the rest of the world will catch a cold. Take a look at this chart my friend.
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