Shanghai New Highsssss 4000+++++++

Discussion in 'Trading' started by S2007S, May 8, 2007.

  1. S2007S


    avg 1-2% up days without any sign of a pullback........

    SSE Composite Index (Shanghai:000001.SS) Delayed quote data Edit
    Index Value: 4,011.85
    Trade Time: 11:08PM ET
    Change: Up 61.83 (1.57%)
    Prev Close: 3,950.011
    Open: 3,961.103
    Day's Range: 3919.22 - 4013.53
    52wk Range: 1,497.99 - 3,851.35
  2. May see that pullback now, as in rest of tonights session, a selloff on profit taking now that 4K has been achieved and the gov is warning of a bubble.
  3. S2007S


    A pullback, ha......

    5000 end of may 6500 end of june,

    8000 by Nov, 10k by DEC.....

    :eek: :eek: :eek: :eek:
  4. now negative on session.

    They are running for the door now. :eek: :eek: :eek:
  5. They really need to hurry up and get the futures out for this index (and CFTC certified).
  6. S2007S



  7. when i wake up i hope to see it settled at 3,500. :D :D :D :D :D

    goodnight all!!
  8. tc5


    Harhar, closing above 4000.
  9. +1.60%

  10. S2007S



    TONG: Well there are a lot of ingredients to what's been happening in the Chinese stock market. I mean it's just been going up for so long now. You have Chinese people being giant savers in the first place, they don't get good returns at the bank so they have to put their money somewhere, and then you've got everybody talking about making money on the stock market. So there's this exuberance is the cliché, but there's this excitement. A few weeks back I went to one of these brokerage houses where a lot of people are there and it was a day after a big fall, but it was full because everybody thought it was a buying opportunity. And I asked a guy, 'Are you worried about what's happening?' and he said, 'Well it's kind of like Mahjong.' It's like that game, it's like a card game. You lose but then you're gonna win.
    #10     May 9, 2007