Wednesday, 20 November 2013

Shanghai Composite recovered fast after breaking 2100!

Dear Friends,

Last Wednesday, we did advise to look at Shanghai Composite after it dropped due to the disappointment in the Third Plenum meeting. We did mention that 2000-2050 is the targeted zone we are looking at. But if things get better, a breakout off 2100 is a good point to enter! Indeed, things get so good that after it breaks off 2100, it zooms forward.

Check out our last post:

Today, Shanghai composite reached 2193 within a short few days. Congrats for those that have followed our call!

If you still want to enter now, I suggest you need to wait. Although we remain slightly bullish, we think that price is already too high.

For those that are in a profit, you might want to shift up your stop loss to a profitable region. An example may be to shift it to 2180. This is money management rule number 2. Rule number 1 is to guard your downside. Rule number 2 is to guard your profits!

Have a good trading week!

We think that with the Black Friday coming next Friday, there is still room for US market to increase! Let us celebrate Thanksgiving and hope the Americans buy lots of presents and push up the index.

P.S. Black Friday is not a market crash but it is a joyous day for shopping after Thanksgiving. Americans call it Black Friday. It is also known to be the start of the seasonal Christmas Rally.


Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

·         美国 股市担心苹果业绩,巴菲特却大胆投资! 道琼斯昨晚闭市在 25080 ,掉了 205 点。在这 10 月 11 月道琼斯的波动都相当大。有很多投资朋友开始怀疑熊市是不是已经来临了。我的答案是还没有。这个跌幅反而是好时机进场。大家不用太担心。 ...