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Tuesday, July 27, 2010

Shanghai Composite - Close to the top?

We should be very close to a top. In the bigger picture this might only be wave A in a flat correction, but for now lets see how the decline unfolds.

If we zoom in on the C-wave rally, we can see a Ending diagonal is developing and we should be very close to a top any time now. A break below 2,549 confirms the top.


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