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China A Victim and Not the Cause
Due to China is the third large economic country, everyone is looking at China to read their own market direction. When China stock market is bearish? They would expect their market to be bearish too. But China is not the leading indicator, China market is also like your market; a victim and not the cause of the problems. Let hear Jim Rogers’ (Rogers Holdings Chairman) view on China is a Victim and not the cause of the problems. An interview of Bloomberg.
If you are agreed with Jim, than you will be more objective for your action.
Are you struggling to stay afloat so far in 2016?
We are nearly three week into 2016, today is January 18, Monday. Are you still affected by the bearish market, especially the bearishness of China stock market? Oh, this was what I wrote on Monday, however I was sidetracked and did not continue and finish my analysis. Now it is already January 23, Saturday. Has the market turn bearish to bullish? Let’s see. Nope! Picture worth a thousand words, see chart for more.
January 22, 2016 China Shanghai Stock Exchange Composite Index
Bullish or Bearish You Still Trade
In trading you buy at support and sell on resistance. As long as you stay with this trading rule, you cannot go wrong.
January 15, 2016 China Shanghai Stock Exchange Composite Index
Moses Stocks Analysis and Scan
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