Shanghai Stock Exchange Index update
The SSEC (Shanghai Stock Exchange Index) seems to have put in a intermediate top (3478 on 4th August, 2009). The index had rallied from a low of 1674 on 28th Oct. 2008. The downtrend has accelerated and immediate support is available at 2900 and below that at 2800 (38% retracement of the entire rally from the bottom) This might be a precursor to the Indian stock market movement so caution is advised.
posted by Hemanshu Pandey @ 8/14/2009 03:40:00 PM
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2 Comments:
I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Patricia
http://forextradin-g.net
i will try to keep the blog updated more often. thanx for dropping by!
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