| Date | Close | Phase | 50 DMA | 200 DMA |
|---|---|---|---|---|
| 1/2/2008 | 5272.810059 | 3 | 5257.520508 | 4546.415527 |
| 1/3/2008 | 5319.859863 | 3 | 5248.450684 | 4558.19043 |
| 1/4/2008 | 5361.569824 | 3 | 5238.819336 | 4570.467285 |
| 1/7/2008 | 5393.339844 | 3 | 5235.438965 | 4582.675293 |
| 1/8/2008 | 5386.529785 | 3 | 5231.376465 | 4594.955566 |
| 1/9/2008 | 5435.810059 | 3 | 5225.133301 | 4607.062988 |
| 1/10/2008 | 5456.540039 | 3 | 5216.319824 | 4619.18457 |
| 1/11/2008 | 5484.680176 | 3 | 5206.918457 | 4631.320801 |
| 1/14/2008 | 5497.899902 | 3 | 5198.590332 | 4643.45459 |
| 1/15/2008 | 5443.790039 | 3 | 5191.909668 | 4655.301758 |
| 1/16/2008 | 5290.609863 | 3 | 5185.032715 | 4666.140137 |
| 1/17/2008 | 5151.629883 | -1 | 5177.334473 | 4676.20459 |
| 1/18/2008 | 5180.509766 | 3 | 5168.90918 | 4686.241699 |
| 1/21/2008 | 4914.439941 | -1 | 5160.597656 | 4694.82666 |
| 1/22/2008 | 4559.75 | -2 | 5145.481934 | 4701.705078 |
| 1/23/2008 | 4703.049805 | -2 | 5135.788086 | 4708.958008 |
| 1/24/2008 | 4717.72998 | -1 | 5126.97998 | 4716.089844 |
| 1/25/2008 | 4761.689941 | -1 | 5113.960449 | 4723.44043 |
| 1/28/2008 | 4419.290039 | -2 | 5095.041016 | 4728.941406 |
| 1/29/2008 | 4457.939941 | -2 | 5077.874512 | 4734.613281 |
| 1/30/2008 | 4417.850098 | -2 | 5060.835449 | 4739.708008 |
| 1/31/2008 | 4383.390137 | -2 | 5042.629395 | 4744.403809 |
| 2/1/2008 | 4320.77002 | -2 | 5024.759766 | 4748.53125 |
| 2/4/2008 | 4672.169922 | -2 | 5018.520508 | 4754.236816 |
| 2/5/2008 | 4599.700195 | -2 | 5009.871582 | 4759.644531 |
| 2/13/2008 | 4490.720215 | -2 | 5000.509277 | 4764.115723 |
| 2/14/2008 | 4552.319824 | -2 | 4994.333496 | 4768.818359 |
| 2/15/2008 | 4497.129883 | -2 | 4988.208496 | 4773.241699 |
| 2/19/2008 | 4664.290039 | -2 | 4981.427734 | 4779.318359 |
| 2/20/2008 | 4567.029785 | -2 | 4975.33252 | 4784.232422 |
| 2/21/2008 | 4527.180176 | -2 | 4968.503906 | 4788.313965 |
| 2/22/2008 | 4370.290039 | -2 | 4957.591797 | 4791.562988 |
In the beginning of 2008, the Shanghai Composite Index was still showing bullish signs. However warning signs started to appear and Jan 28 2008, the index entered into "Distribution Phase". Now the index is clearly below the 50 and 200 DMA. Once the 50 DMA cuts below 200 DMA, we will be entering the "Bearish Phase".
Maybe the coming Olympics will give a boost to the China Stock Market but once the Olympic effect is over, we may be in for a rude awakening.
Therefore better play safe.
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