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Strategies & Market Trends : The Bird's Nest -- Ignore unavailable to you. Want to Upgrade?


To: clutterer who wrote (1594)5/22/2007 1:17:23 AM
From: LTK007Read Replies (1) | Respond to of 15232
 
Except for China and Japan in i see asian wise.
China hit a new is running to close AGAIN at highs.

finance.yahoo.com
i have check their swing on May 21, and it was piffling compared to what happened to Nasdaq and all indexes on 4/4/2007.
China is at moment at 4114, an equivalent like 4/4/2000 would ROUGHLY be an open at 4100 a free fall to 3800 with a close at about 4150, or 650 swing.
i have no date , just eyeballing for ball park movement frame , it opened at about -70 points(its low) and closed about + 50( ROUGHLY!) for a swing of about 120ponts on about the same scale of nasdaq, so Nasdaq's s was roughly 5 times greater(what a day it was)s. BTW, Nasdaq drop 24% wing from 4/10 to 4/14, that is equivalent to a crash,imo.
What happened on 4/4/2000 i viewed as the ultimate dipster frenszy and marked ENDGAME.
But as i remind the driving force behind the China run is THE FRENZY of rank amateurs, very, very rank amateurs--exactly as in the year 2000 in U.S.
Newman view this could go on for several years can NOT be backed by reason.
He is wrong here.
When the money rushing in is from shallow pockets.
In the U.S. they say when the taxicab driver starts exciting about the stock market, you are heading to a bust.
And that is what is happening China from what i am reading.
We have mania now inside China.
Thisisgetting my attention:) max