Wednesday, November 20, 2013

Equities: The Shanghai Composite is At A Decision Point

From Market Anthropology:

Breaking Through the Great Wall of China 
This summer while the esteemed professor from Princeton was looking for a more tragic denouement at the Great Wall - we took the opposing perspective after sizing up what appeared to be the end of a long consolidating trend for China's equity markets.  

After knocking on overhead resistance since September, the Shanghai Composite Index as well as China's equity ETF - FXI, appears poised to once again disappoint those calling for China's immanent collapse.