China: Shanghai Composite Index

[nullzero]

The Shanghai and Shenzhen 300 Index is taking a beating.

http://www.bloomberg.com/apps/news?pid=20601087&sid=auzh7sAKqDDM&refer=home

Time to short some overvalued chinese stocks? Here are some possible chinese shorts for today.

CHINA (PE 84, climb in PPS last couple of days and weeks.)
SINA (PE 48 fast climb in PPS last couple days)
JADE (fast climb in a short period of time may go reverse.)
BIDU (PE of 164!)
SOHU (Chart near resistance may pullback with this market correction in china.)

[nullzero]

"The Shanghai Composite Index, which tracks the bigger of China's stock exchanges, plunged 8.8 percent to 2771.79. Today's tumble was the biggest since Feb. 18, 1997. The Shenzhen Composite Index, which covers the smaller one, dropped 8.5 percent to 709.81. The measure has surged 29 percent this year. "

Chinese stock market is taking a beating... Im wondering how the markets in the U.S. are going to take this. This is a serious matter and can cause a big change in the world markets if the trend does not turn around.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aBV17RWjRjJk&refer=home

[nutsterrt]

Ohh I think the futures say it all. Going to be an ugly open on Wall St. I always check the world indices when I wake up in the morning...jaw DROPPED when I saw Shanghai this morning 

[setravis]

China...

The Shanghai Composite continues in a strong primary up-trend. The medium term target is 2700, calculated as 2550 + [ 2550 - 2400]. Bearish divergence on Twiggs Money Flow (21-Day) is not cause for concern unless the indicator reverses below 0.1.

[setravis]

China
The Shanghai Composite Index continues in a strong primary up-trend. Breakout below the trend channel, or Twiggs Money Flow (21-Day) reversal below 0.1, would warn of a (secondary) correction.

[setravis]

China: Shanghai Accelerating Up-Trend...
The Shanghai Composite Index continues in a primary up-trend. Breakout above the trend channel warns that the trend is accelerating — and could lead to a blow-off. Twiggs Money Flow (13-Week) confirms strong buying pressure.

China has come in for criticism recently for the rapid expansion of its money supply — M2 grew by 26 percent in the last 12 months. But this structural instability will take time to translate into higher inflation and a slow-down in bank lending before it impacts on the stock market.

[setravis]

China
The Shanghai Composite Index continues in an accelerating up-trend (sometimes referred to as a "runaway trend"). Rising Twiggs Money Flow (13-Week) confirms strong buying pressure. While the up-trend may continue for some months, the absence of strong corrections make market support increasingly precarious.

[setravis]

China...
The Shanghai Composite respected resistance at 2700. Reversal below the rising trendline would warn that the bear rally is ending. 63-day Twiggs Momentum Oscillator holding below zero indicates continuation of the primary downtrend.
Target calculations: 2350 - ( 2700 - 2350 ) = 2000

[setravis]

China: Shanghai Composite Index...

The Shanghai Composite Index is testing resistance at 2700. Breakout would signal an advance to 3000*. Rising Twiggs Money Flow (13-week) above zero signals buying pressure. 63-day Twiggs Momentum recovery above zero would strengthen the signal.

Target calculations: 2700 + ( 2700 - 2400 ) = 3000

[setravis]

China...

The Shanghai Composite Index continues to test resistance at 2700, but the Shenzhen index is rallying strongly, causing the broad DJ China index (below) to advance towards 380. Rising Twiggs Money Flow (13-week) signals buying pressure. 63-day Twiggs Momentum recovery above zero strengthens the signal.

Target calculations: 2700 + ( 2700 - 2400 ) = 3000

[setravis]

China...
The Shanghai Composite Index encountered stout resistance at 2700. Reversal below 2600 would warn of another test of primary support at 2300. Bearish divergence on Twiggs Money Flow (13-week) signals selling pressure.

Target calculations: 2700 + ( 2700 - 2400 ) = 3000

[setravis]

China...
The Shanghai Composite Index recovered above 2600 Monday, strengthening support. Bearish divergence on Twiggs Money Flow (13-week), however, continues to warn of selling pressure. Reversal below 2550 would signal another test of primary support at 2300. Breakout above 2700 is less likely, but would offer a target of 3100*.

Target calculations: 2700 + ( 2700 - 2300 ) = 3100

[setravis]

China...
The DJ China index is testing resistance at 380. Rising Twiggs Money Flow (13-week) signals strong buying pressure. Breakout would offer a target of 480*. Reversal below the rising trendline is unlikely, but would warn of another correction.

* Target calculations: 380 + ( 380 - 280 ) = 480

[setravis]

China: Shanghai Composite Index

The Shanghai Composite index retreated below 2800 and is testing 2700 Monday. Expect a test of 2600*. Declining Twiggs Money Flow (13-week) warns of selling pressure.

* Target calculations: 2800 - ( 3100 - 2900 ) = 2600

[setravis]

Chinese bubble...

China is expected to continue monetary tightening in an attempt to control inflation fueled by its massive 2008 stimulus program. This will impact not just on local markets, but on major resource producers such as Brazil and Australia.