Here’s a screenshot from my monitor following today’s trading in China. That’s a daily chart of the CSI 300 Index on the bottom and the quote sheets above list the 70 or so most actively traded stocks — if you don’t know which ticker symbols represent which companies, you’re out of luck, sorry.

Note that “limit down” is 10% and that there’s no way to “sell short.” The sheets also have columns which list the 52 week high date and price for each issue, which you may want to study. A lot of folks who came late to this party are deeply underwater.

We have our answer about whether the late April, early May jump was a “sucker’s rally.” Moving to the US markets, with one eye on Lowry’s (abysmal) Buying Power numbers, we can anticipate a similar breakdown in the major averages, yes?

Related:
China’s Stock Markets Have Topped, November 8, 2007
What It Will Look Like When the Chinese Stock Bubble Bursts (Try Try Again), March 30, 2008