Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Saturday, December 22, 2018
SSEC Shanghai Index Daily Chart; Bear Market; China Crashes -33% Off Its Top
The SSEC, Chinese stocks, topped out at 3600 in January 11 months ago.A -20% drop is a bear market which is the 2880 level. Chinese stocks are now in a bear market. China is in a tailspin and the ongoing trade wars may bring the communists to their knees. At 2516, the SSEC has crashed -33%.President Xi is likely not winning a popularity contest with Chinese shareholders. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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