QUOTE(AdamG1981 @ Aug 13 2009, 11:05 AM)
I'm looking for a massive sell down to complete the correction, so far i see yesterday's volume lesser than Tuesday's volume which i think many of the ah mas still holding their stocks and not willing to let go despite the huge drop.
But judging from Shanghai intraday performance, i see another leg down. There's massive selling when China reaches positive territory, hinting maybe its previous support has now turned resistance.
Technical , and fundamental wise, capitulation will occur pretty soon. Panic selling is just a click away.
So, am i right to say, the remaining weeks of this month isn't gonna reach 1189, which was the highest to date?But judging from Shanghai intraday performance, i see another leg down. There's massive selling when China reaches positive territory, hinting maybe its previous support has now turned resistance.
Technical , and fundamental wise, capitulation will occur pretty soon. Panic selling is just a click away.
Aug 13 2009, 11:10 AM

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