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Friday, November 20th, 2009
Chart 1 - China's Shanghai Composite:
Last night, the Shanghai moved down -0.37%. Relative Strength is positive and moving up, and our Accelerator is positive and high. The Shanghai 180's Accelerator had a negative divergence problem which has lessened but it is still a concerning condition.
Note the C-RSI had a positive jump above the resistance line on Sunday night. The Super Accelerator also had a sharp jump which was a positive, upside condition for the Shanghai 180. However, there is still an Accelerator divergence problem relative to the Shanghai Composite. A good portion of that was washed out in the past few days, but it is still a concerning problem.
Chart 3 - Just to keep the Shanghai Bubble's drop in perspective, this is the 10 year WEEKLY chart of the Shanghai Composite.
The Shanghai Holiday Schedule for 2009 is below:
The SSE Holiday Schedule for 2009 has been completed.
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