Influential technician Tom DeMark calls a bottom in China, saying his indicators flashed buy on...
Influential technician Tom DeMark calls a bottom in China, saying his indicators flashed buy on June 21. His note went out before last night's 5.3% plunge, but he did say it could take a couple of days for the Shanghai Composite (FXI, CAF) to gain traction. "It is ideal for a market to bottom in conjunction with negative news to exhaust a downtrend and encourage the last weak seller to capitulate."
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