Legend For Phase Chart:
1: Recovery-1: Warning
2: Accumulation-2: Distribution
3: Bullish-3: Bearish

Tuesday, March 25, 2008

Shanghai Market Updates

Shanghai Index (Symbol: 000001) is not showing a good picture.

DateClosePhase50 DMA200 DMA
1/2/20085272.81005935257.5205084546.415527
1/3/20085319.85986335248.4506844558.19043
1/4/20085361.56982435238.8193364570.467285
1/7/20085393.33984435235.4389654582.675293
1/8/20085386.52978535231.3764654594.955566
1/9/20085435.81005935225.1333014607.062988
1/10/20085456.54003935216.3198244619.18457
1/11/20085484.68017635206.9184574631.320801
1/14/20085497.89990235198.5903324643.45459
1/15/20085443.79003935191.9096684655.301758
1/16/20085290.60986335185.0327154666.140137
1/17/20085151.629883-15177.3344734676.20459
1/18/20085180.50976635168.909184686.241699
1/21/20084914.439941-15160.5976564694.82666
1/22/20084559.75-25145.4819344701.705078
1/23/20084703.049805-25135.7880864708.958008
1/24/20084717.72998-15126.979984716.089844
1/25/20084761.689941-15113.9604494723.44043
1/28/20084419.290039-25095.0410164728.941406
1/29/20084457.939941-25077.8745124734.613281
1/30/20084417.850098-25060.8354494739.708008
1/31/20084383.390137-25042.6293954744.403809
2/1/20084320.77002-25024.7597664748.53125
2/4/20084672.169922-25018.5205084754.236816
2/5/20084599.700195-25009.8715824759.644531
2/13/20084490.720215-25000.5092774764.115723
2/14/20084552.319824-24994.3334964768.818359
2/15/20084497.129883-24988.2084964773.241699
2/19/20084664.290039-24981.4277344779.318359
2/20/20084567.029785-24975.332524784.232422
2/21/20084527.180176-24968.5039064788.313965
2/22/20084370.290039-24957.5917974791.562988
2/25/20084192.529785-24940.5888674793.805664
2/26/20084238.180176-24924.6513674796.081055
2/27/20084334.049805-24909.497074798.95166
2/28/20084299.509766-24892.2485354801.243652
2/29/20084348.540039-24875.7182624803.236328
3/3/20084438.27002-24862.5732424805.362305
3/4/20084335.450195-24850.1210944806.791016
3/5/20084292.649902-24835.8164064808.145996
3/6/20084360.990234-24825.5004884809.71875
3/7/20084300.52002-24814.7875984811.725098
3/10/20084146.299805-34798.877934812.526367
3/11/20084165.879883-34781.3247074813.114258
3/12/20084070.120117-34760.6914064813.313965
3/13/20083971.26001-34735.4316414812.808594
3/14/20083962.669922-34710.6611334812.069824
3/17/20083820.050049-34682.3955084810.301758
3/18/20083668.899902-34649.5957034807.890625
3/19/20083761.600098-34619.5961914805.799805
3/20/20083804.050049-34590.2207034803.459473
3/21/20083796.580078-34559.7553714800.767578
3/24/20083626.189941-34525.0478524798.632813

It went into "Bearish" phase on 10 Mar 08. It looks to be just the beginning. If you are looking to buy into China market, I think you can wait a while. Seems like the "Bear" party just started.

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