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April 17, 2007


Shenzhen Composite Index - Trading with the Trend (Part II)

I promised some intraday charts in my last post so here they are. Being aware of the trend in multiple time frames is so important. It pays to keep the weekly, daily, hourly and 15-minute charts open on a screen for every issue you’re actively trading.

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This entry was posted on Tuesday, April 17th, 2007 at 10:42 pm (utc+8) and is filed under China, Trading and Investing.

5 Responses to “Shenzhen Composite Index - Trading with the Trend (Part II)”

  1. brian said:
    April 19th, 2007 at 6:59 am

    I wonder which magic number will signal the end of the party.

  2. C. Maoxian said:
    April 19th, 2007 at 7:05 am

    brian: 1000 is a nice round number, though I’m not sure how lucky it is. ;-)

  3. brian said:
    April 20th, 2007 at 4:45 am

    I’m not sure how lucky 1000 is either, but 999 (久久久)certainly is. ;-)

    The amount of leverage in the A-share markets give me jitters. People are borrowing against every asset possible (real estate, cars, etc.) to ‘invest’ in the stock market. Many of these loans are arranged through brokers and poorly documented with the banks that hand out the money.

    Sound familiar?

  4. C. Maoxian said:
    April 20th, 2007 at 7:32 am

    brian: True … since 888 was blown through I couldn’t pick that number. ;-) I don’t know how many people have borrowed money to “invest,” but I *do* know that a cab driver asked me out of the blue for a stock tip the other day, which I thought was darn strange and a little ominous.

  5. Maoxian » Shenzhen Composite Index - Trading with the Trend said:
    May 13th, 2007 at 7:37 pm

    […] Shenzhen Composite Index - Trading with the Trend (Part II) Cat:  […]

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