ntes graph All 3 stocks have the same pattern and are losing momentum but It may be a little too soon to short. When my bottom indicator (bw6) hits -100 it will be time.
+$1.50 so far on NTES... That's the problem with fundamentals and indicators. You never know when they are going to kick in and do what they look like they're supposed to.
Just my humble little contribution... I noticed SOHU made a 50% retracement to 25 from that last (big) leg up and bounced nicely exactly like I predicted. Still looks pretty bullish I think. I don't watch other China stocks much though.
You probably should. Many Chinese stocks have been performing very well. It seems like lots of money is flowing in that direction. Even the closed end funds etc. that deal with that area are seeing what looks like a big bull market. We'll see though. I'm watching CYD these days, in addition to a few others. I always think it's comical when people try to short bull markets. That's not what attracted me to this thread. It was the title for the thread, which was misleading in my opinion. For a list of tradable items with China in the name: http://finance.yahoo.com/l?s=china&t=S&m=US&r=5&b=0 (sort by Market if it isn't already. That way you don't have to look at the pink sheets. Unless that is your thing of course.) Regards, Banker
about to be taught a painful lesson about momentum, "PE", and short sales. Never, ever, ever short something because you think it's "run up too much." Jesse L is rolling over in his grave (just ask the genius who started the "EBAY short" thread several months ago:eek: ) The Chinese internet stocks will indeed take a fall, but I would not touch them w/out a clear reversal signal (ie. - downtrending ema's on the hourly chart -- at the very least!). I've been on the SOHU train several times over the past several months (long), but am always careful not to overstay my welcome. It may indeed be toppy at the moment -- but I have no problem w/ waiting for a crystal clear reversal signal. dog