Chinese investors continue to run for the exits. The Shanghai Stock Exchange closed down another -2.5% overnight at 2895, and I do not see support for this chart until the 2701 line.
At 2701, the Chinese crash will be -62% from the "it's global this time" October 2007 peak.
The Olympics are in August, and I don't see the payoff of getting long this river card of geo-political risk factors until at least late July.
KM
(chart courtesy of stockcharts.com)
At 2701, the Chinese crash will be -62% from the "it's global this time" October 2007 peak.
The Olympics are in August, and I don't see the payoff of getting long this river card of geo-political risk factors until at least late July.
KM
(chart courtesy of stockcharts.com)
