Hello folks, In this thread i\'ll be posting occasional technical analyses of asian, and other world indices, if that\'s ok with the admin guys. I notice recent posts on the upbeat performance of China Shanghai shares. About a month ago, a medium-term bullish pattern was identified in the Shanghai Composite with a target of 4000. Short-term though, it is in a neutral pattern with a target of 3200. Here\'s the reason behind the recent performance, and whether it\'s sustainable.
trendlines618.blogspot.com/2010/03/shang...-term-beautiful.html
Feel free to post your technical or fundamental views of world indices here.
Hang Seng Index is hovering at the relatively lofty height of 22000, and facing overhead resistance. Expect a consolidation here, but an eventual move above is possible in the weeks/months ahead.
trendlines618.blogspot.com/2010/04/hang-...t-term-overhead.html