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Thursday, November 5th, 2009
Chart 1 - China's Shanghai Composite:
Last night, the Shanghai moved up +0.85%. Relative Strength is positive, and our Accelerator is positive and moving up.
(For over a week, we have been saying that the Shanghai Composite remains a positive, upside condition ... but, that: "The Shanghai 180's action is is concerning because its Super Accelerator is lagging the broader market Shanghai Composite. This should not be the case with this group of leader stocks. *** This condition is showing some improvement, but is not out of the woods yet.)
Note the C-RSI was positive with another up tick last night. However, the Super Accelerator is continuing to struggle. [This upside condition has been concerning because the Super Accelerator was lagging the broader market Shanghai Composite. This should not have been the case with this group of leader stocks. Currently, the Shanghai 180 Super Accelerator is still lagging the Shanghai Composite's Super Accelerator.]
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.
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