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Old 08-19-2009, 05:34 PM
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Wink Chinese Stocks: massive losses - 20% ... and so it begins again ...


Chinese Stocks: massive losses - 20% ... and so it begins again ...

From Jochen Steffens
Thursday, 20 August 2009

It is interesting that the markets in China is already massively burglarize. Here are the first indexes in losses of up to 20% can be reported. We remember, China has responded to the recent downward movement also much earlier and much more violent!

It is slowly being critical. The U.S. economic data deteriorate even clearer now. I had you already weeks before the first subtle hints of this development out. Of course we do not yet know whether this deterioration may be only temporarily. But it's really too early.

Thus is lacking in some economic data, the upward momentum in the opposite reactions to the collapse last year. That in itself is suspicious. Particularly striking is the fact that data will deteriorate, with the consumer in the U.S. context. This is an indication that the high U.S. unemployment may now begin auszuwirken and not only in the fourth quarter or 2010.

Markets react already

Apparently reacting to equity markets at this data. Here, we can not yet be sure if it's only a healthy consolidation after a strong upward movement or the beginning of a new sustainable downward movement.

It is interesting that the markets in China is already massively burglarize. Here are the first indexes in losses of up to 20% can be reported. We remember, China has responded to the recent downward movement also much earlier and much more violent!

But actually it is only the latest consolidation in the markets, which will tell us how much the Bulls still are. The one must not lose sight of.

The Iceland-reversal (island reversal)

Interestingly, in the Nasdaq 100 is currently in the already-mentioned intersection between the 50s and the retracement downward trend (see chart below), a striking reversal formation: The Reversal Iceland.

Click here and see the charts:
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