yok70, i have been monitoring HSI and China A50m lately. been shorting via put nwarrants at klse. decent profit. but very very volatile. a swing of 200 points easily within minutes.i love them as there are opportunities for trading, high frequency type. HK share? i got no ideas at all as my $$$ coulkd not stretch that far, lol

Some saying China is doing what US was doing back in great depression. Trying to stop a runaway train.
Their govt now stepping in to back stop the drop... some even call it Xi Jinping PUT. 

Not sure if it will work or not because they're only protecting the blue chips stocks.  Some small caps and no name overvalue companies are still being kicked down because uncles/aunties/taxi drivers all want their money back, the very moment it rises back, they will sell and some just throw in the towel and never turn back. There's a lot fear now and some are very angry at their govt for encouraging them to buy stocks when the market has doubled in value within 12 months time with PE at skyrocket level.

Some saying China is doing what US was doing back in great depression. Trying to stop a runaway train.
Their govt now stepping in to back stop the drop... some even call it Xi Jinping PUT. 

Not sure if it will work or not because they're only protecting the blue chips stocks.  Some small caps and no name overvalue companies are still being kicked down because uncles/aunties/taxi drivers all want their money back, the very moment it rises back, they will sell and some just throw in the towel and never turn back.

one more thing...I told my remisier about foreigners comment on china shares as over valued, over leveraged n overbought, trading at 80x for the china A shares (thats wat I read) but my remisier kept telling me its about confidence and made  projections for another round of new highs at china !!! lucky I dint believe the bullssheet. hahhaha...me not that stupid afterall.
but he has tips for me every morning and teaching me jap candles and financial ratios !!!
I never buy those bullsheet. thank goodneess !!!!

Japanese candlesticks are outdated 

bro j,

anything striking showing up on yr charts now about oil price?

appreciate any comments, hopefully i can collect a few coins or lose a few less tonite.

thanks.

same Q here. seems oil is going nowhere these days...

Remeber when I wrote "does not look pretty at all" and "setting up to re-test 58.8", it was when the crude painted the similar pattern I posted on 17th June 2015.

Here's another closer look if you took note of the pattern and applied on the crude 5min price pattern on 1st July.

I am planning to cover 1/2 positions around $51 and all around $50.

Crude is highy sensitive to the following data:
1) Iran talk - which was extended to 10th July again
2) Tuesday Genscape forecast - before noon
3) Tuesday 4:30pm EST API
4) Wednesday EIA
5) Friday 1pm Bakers Rig Count

Not sure how you trade but I follow those data as close as my gf when I first met her.

*Japanese candlesticks are outdated but still can be used for educational purpose, however price patterns work everytime.

and wti crashes below 51...

lol I laughed whenever saw your invented PM name representing Greeks.

Anyway I guess the important bearishness was this:
"The newly appointed Finance Minister attended the meeting earlier - with empty handed"

It's literally like a newly appointed CFO of what...erhmm maybe MSFT (a bit over-exaggerating but you get the picture) being invited to a conference with others behemoth and he attended the meeting and being asked "what's your new proposal to help the co sustain incoming global economic downturn?" and he answered :" nothing, maybe I will come up with something on Wednesday".

As for voldemort, he has done his job well and enjoying beers with his friends and wife.

You missed the bigger picture, the meeting was being extended so that other parties except Iran can throw their excess oil inventories out to the market before Iran flood it with daily output of double the size of any OPEC.