Thursday, February 10, 2011

Shanghai & Shenzhen: Break Up!

In contrast to the HSI, Shanghai(+1.6% today) & Shenzhen(+2.9% today) seem to be breaking upwards on decent volume! In my last post, i had suggested that the decline in the SSEC was looking corrective implying a break upwards is possible. I am very short-term bullish, but still wary of the barrier at 2950 & 1235, on the SSEC & SZSE respectively.

Shanghai Composite

Shenzhen Composite
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