The Shanghai Update is posted on our Advanced Member Site by 8:30 AM EST
Clink this link to Subscribe: Membership Info.
Monday, November 16th, 2009
Last night, the Shanghai moved up +2.74%. Relative Strength is positive and had a sharp jump, and our Accelerator is positive and high. This is happening as Obama is having a successful visit with the Chinese.
It was positive enough to be a positive influence on the Shanghai 180 which has had an Accelerator divergence problem. Technically, it still has, but much of it was erased last night boding well for more up movement on the Shanghai Composite.
Note the C-RSI had a positive jump above the resistance line. The Super Accelerator also had a sharp jump which is a positive, upside condition for the Shanghai 180.
It still has an Accelerator divergence problem relative to the Shanghai Composite but a good portion of that was washed out last night.
Chart 3 - Just to keep the Shanghai Bubble's drop in perspective, this is the 10 year WEEKLY chart of the Shanghai Composite.
The Shanghai Holiday Schedule for 2009 is below:
The SSE Holiday Schedule for 2009 has been completed.
You can become a Free StockTiming Member in less than 10 seconds ...
and receive important, free Stock Market email updates every Morning ...
To become a Free Member, simply enter your information and click on the "Free" button.You willreceive Daily Updates and Alert Notices every morning before the market opens. On other occasions, you will also be sent special links to important stock market information and/or studies.
Quick and Easy StockTiming.com Free Member Sign Up
