Sunday, 30 November 2014

Shanghai composite index - SSE expecting some blocking reaction at 2700.

The chinese shanghai stock index , SSE,  has been on a rocket ride   eversince the HK-Shanghai link was "mooted" in Jul .. but now the shanghai bull looks abit tired may need a rest before charging some more . expecting some reaction down at 2700 -2720 monday morning 1 dec. HSI may follow suit.
*****post-mortem on 2 dec to this post on above prediction   ****
SSE did reacted down( see 1 minute chart below) on 1 dec afternoon after touching 2707 falling down 37 pts or 1%+  to 2670 before resuming its move up the very next day .. this is only what the market gives u and this is only what u can take..which shows how bullish the shanghai market is .

One more thing , recently in line with our bearish oil view( click here) ,  we initiated our second round of  big shorts on oil stocks like Ezra , Mirach , Ezion, Sembmar, Kepcorp  etc ..which shall be discussion topic of our next post.. This is our second wave of shorts , our first wave of big shorts was started  in Oct   as represented by our shorts in  RH petro  , sinoGrand( click here) .

and oh yes, juz last thurs 27 nov  , we  closed our big short on biosensor ( click here) and  oso   closed our long on Valuetronics breakout after catching its bottom( click here)  

stay tuned for more updates ..better still join our freebee chat  to get updates and calls live & interactive  for free.

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