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Shanghai rises 2.6% with Tom DeMark predicting shares are about to pull out of their slump and...

Shanghai rises 2.6% with Tom DeMark predicting shares are about to pull out of their slump and resume the rally that began late last year. The famed technician - who correctly called the current correction - describes the current level as a "low-risk entry zone," and says shares could rise 28% by summer's end. FXI +2.2% premarket.
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  • vallies
    , contributor
    Comments (351) | Send Message
     
    The Shcomp reminds of our market when everything was falling apart. It is easily shorted then rebought. JP's call yesterday was odd. The Chinese need drastically to reduce pollution and corruption. Solar should play a vital roll in this. I am in hopes that Lew had a promising visit. When it came to the recent pull back, everyone being told to stay inside because of pollution, I tried to find places that would benefit from people being inside, that's what bulls do. And seeing that the online data traffic wasup I believe 68%, I was thinking that a BIDU or a PWRD would be good, but it is hard for me to understand valuations with these, so I will stick with CAF. Let MS do the work that I can't. CAF's securities has Siac in it. They had a recall I believe. You will have to look at that yourself as I am going to, but smaller EV transportation is a must push. So what are we watching with the Chinese market; electrical usage, CPI data and consumer spending. I am also watching LFC. The Chinese have way to big of a population for the health sector to be cut. or be put any stand still. That is why I think solar will play a vital role in this. The Chinese are looking to resume mass rail transportation projects. The accidents with the rails had to do with the corruption in that country. Gambling has been doing better, but I would rather see non-corrupt measures be taken within this also. It would be easier for you to take your loved ones to an event knowing that freedom exists. Yes the hacking scandals has me worried, but I keep remembering of how we ran a deficit in 2006 with tourism of almost 700 million and now we have a surplus of 4.4 billion in the U.S. The Chinese are telling you of their 7.5 target. this is just like IBM telling you of their projections in 2015. Can you believe ADBE and the run rates, good for them. Recently Cyprus has problems. It is called HOT money. Which means that certain people have taken illicit gains and hide that money in foreign shores. You are watching comments from Merkel then Russian comments to get a fix on that. So it goes with the housing sector in china. So how will china combat this. You will be looking for comments coming from them to spread the wealth and in health care. Hot money differs from splash money. Splash money comes from central banks to combat deflation. Which is what Big Uncle Ben has been doing. Ours has picked up some, but that is his intent. Thank god for that. We have corruption in our leadership. Can you believe that our elected officials can still short the market? They still let those over levered ETF's exist. DO NOT BUY THESE PIECES OF GARBAGE. Anyways one day we will all be able to speak to each other globally, via native language digital translators. and when people around the world will be able to understand what each of us are saying and what is happing in real time, watch out. There are more of us then them combined. What was that song by The Doors. 5 and 1, 1 and 5.
    20 Mar 2013, 08:30 AM Reply Like
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