Monday, 24 September 2012

Shanghai Composite testing trend line drawn from 1994 and 2005 lows

The Shanghai Composite continues to test the zone around the trend line drawn from the 1994 and 2005 lows, as well as round number support surrounding 2000. Earlier today I tweeted the same chart, hopefully this slightly bigger version is easier on the eyes (click it to enlarge). Unfortunately it hasn't been updated since Friday's close, but given the long time frame, that is more or less irrelevant.