Shanghai China Index Update

Hi,

Chinese markets did pretty well to hit 138.2% target of C wave. This was predicted as early as in Dec 2009 when it was quoting at 3071 levels.

Here are old updates on Shanghai China.
http://dowjonesusa.blogspot.com/search/label/shanghai%20China

Now today as we update on Aug 22 2010.
we see the chinese market behaved as predicted but didnt achive 161% tgt of 2123, rather achieved 138.2% exactly as shown in chart in previous updates. This chart can be seen here as well. http://3.bp.blogspot.com/_pHGtnW_xUmw/S2EXdS1-seI/AAAAAAAAAcU/lebudJ2HaK4/s640/Shanghai+28+Jan++ABC+(+c+down+started).png

No lets have a look and reanalyse the chinese market and its early movements.

No lets zoom to recent rally from oct 2008 till Aug 2010.

No it seems that unless and untill 2891 is broken on upside till then target of 161.8% of 2123 remains open for Shanghai Markets. Pls do not forget, China has the habit of coming 1st either in rise or in fall as shon in past, so will this again be followed by world markets... or can they just ignore every bad news and without any great improvement in world economy, can they continue running up....

we doubt this rise of world markets and believe that what happened to Chinese markets is a trailer for upcoming world market crisis movie...

Good luck BULLS.n BeWare of BEARS.

Regards,

CA. Navneet Singhal