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Chinese Markets Beginning To Crack

Well, turned out that the author has had a bad luck and picked a market bottom day to write this erroneous and misleading article. Right after the article was published on Thursday, US market rebounded sharply on Friday, which as I predicted pulled up the world markets as well as Chinese markets with it. In just finished Monday trading session, Shanghai composite finished up 5.33% to completely wipe out the mild losses it endured last Thursday and Friday triggered by the US led world market meltdown, this has put Chinese stock markets back to the upward trend. In my view, Shanghai composite index will break 5000 mark in next one or two sessions, and continue moving up from there once it absorbs some possible mild profit taking at that historic milestone.

Once again, “wolf” didn’t come. The crying baby lied again…