China’s Bull –Part 1
China’s benchmark Shanghai Composite Index so far tanked from 5178 to intraday low at 2850, a plunge of about 45%. Is it completely done? Or China’s Bull is dead. Mark my word: China will muddle through.
Probably, with one more downside spike to below 2850 is a reasonable possibility.
In short, it is certainly almost done but bull will not come till long expected consolidation is completed.
Once consolidation is completed, we will see a new high in SSEC by 2017. This time, participants will come from big players who drive it higher.
China is not a problem in the market but Europe and soon (in 2016-2017), U.S is going to face a tough time, much tougher than China
One of the best analysis about China