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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (4330)	10/8/2008 12:34:38 AM
From: RockyBalboa	2 Recommendations Read Replies (1) \| Respond to of 6370

I´m puzzled as well. After all the narrow chinese indices resemble just any other bubble, nasdaq or japan... The HSCE is now roughly at 35% of its peak which it set just one year ago, where it traded at 20500 (the Hang seng then reached 32000 and is now off a little bit more than 50%). Perhaps, it was simply way ahead of itself. The catchy 1T market value for Petrochina reminded me so much on the $1000 price tag for QXLC... That does not rule out that the proverbial 1000 points bounce will occur the one or the other shiny day in China. After a prolonged rout, the nikkei managed that as well. Here is something interesting: Look at this. Amazing, Google is the ideal proxy for the Hang Seng. I can´t find a stock or index which fits better. finance.yahoo.com