It's "May" because, although we waited patiently for over a year before calling it, we were still early on the big change of direction. As recounted March 12:
On December 27, 2023 we posted "A Bottom In Chinese Equities".
We were early. The Shanghai-Shenzhen CSI300 Index continued lower for another month.
Finally on February 1, the rat-bastard turned up with some conviction.
Here's the latest, a poke above triple-top resistance:
Investing.com (also on blogroll at right)
What you want to see is today's action holding and tomorrow some follow-through.
If that happens you can start to get comfortable with the idea that the sellers are out of shares they want to let go at that particular level.
