Wednesday, May 23, 2012
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China’s stock market just violated a critical chart level
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Thursday, January 28, 2010
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From Trader’s Narrative:

…While the S&P 500 is still about 9% above its 200 day moving average, the Shanghai composite fell just under its long-term trend.

We haven’t seen prices below this important demarcation point since March 2009 - more than a year ago. And we know that historically, it is more profitable to be on the bullish side when prices are above their 200 day moving average than when they are under it.

There was a comparable technical pattern back in 2007. The Shanghai composite had…

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Topics: China | Stocks
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