Shanghai Composite Stock Index - Topping Out

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Shanghai Composite Stock Index - Topping Out

By David Spurr on February 23, 2009 | More Posts By David Spurr | Author's Website

It looks like the Chinese market is starting to turn over for a correction or a move “south”. When you see the indicators, MACD is turning over, CCI is showing negative divergence and RSI is moving from overbought levels. If the Chinese market turns lower, then perhaps we could expect this to follow through to US markets.

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