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November 18., 2009
Chart 1 - China's Shanghai Composite:
Last night, the Shanghai moved up +0.62%. 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 still exists to a lesser degree.
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.
It still has an Accelerator divergence problem relative to the Shanghai Composite but a good portion of that was washed out in the past few days.
Chart 3 - Just to keep the Shanghai Bubble's drop in perspective, this is the 10 year WEEKLY chart of the Shanghai Composite.
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