Shanghai stock market reahes its 21-month low!

Shanghai stock market reahes its 21-month low!
Sep 9, 2008 03:11
ZOEY Points: Join Date: Nov 29, 2004 Status: offline	Yesterday, Shanghai stock market hit a 21-month low, slumping 2.7 percent to 2143.42 points. It is the lowest close since Dec. 11th in 2006. On Oct. 16th last year, it reached the peak 6124.04 points. From 6124.04 to 2143.42 points, it has fallen 65 percent. Now Shanghai stock market has become the worst-performing one in Asia. China is trying to combat the inflation but the stock market has been greatly influenced by this. The Olympics hasn't boosted the stock market as most investors expected and the government hasn't taken measures to boost the market too.

Sep 9, 2008 03:11

ZOEY
Points:
Join Date: Nov 29, 2004
Status: offline

Yesterday, Shanghai stock market hit a 21-month low, slumping 2.7 percent to 2143.42 points. It is the lowest close since Dec. 11th in 2006. On Oct. 16th last year, it reached the peak 6124.04 points. From 6124.04 to 2143.42 points, it has fallen 65 percent.

Now Shanghai stock market has become the worst-performing one in Asia. China is trying to combat the inflation but the stock market has been greatly influenced by this. The Olympics hasn't boosted the stock market as most investors expected and the government hasn't taken measures to boost the market too.

Sep 9, 2008 04:24	#1
LENAQIAN Points: Join Date: Aug 21, 2008 Status: Offline	Since the beginning of this year, the specialists has claimed for many times that the stock market reaches its bottom; however, it seems that we have not see the real bottom. Hopefully, the stock market will fall below 2000.00.

Sep 9, 2008 04:26	#2
LENAQIAN Points: Join Date: Aug 21, 2008 Status: Offline	But do not consider that the main trend has changed up or down until an option crosses a Trend Line top or breaks under the last Trend Line bottom.

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