Shanghai Index update

As expected and posted on 14th August, the Shanghai Stock Exchange Index has hit the lower target of 2800 and in fact has closed lower. The index seems to be in free fall with hardly any support coming in. This action usually takes place when fundamentals are out of whack with the price of the index. Lower tgts of 2600 and 2400 are not far!

My earlier post http://terran23.blogspot.com/2009/08/shanghai-stock-exchange-index-update.html