Well, if we use recent 5% decline in the Shanghai market as a proxy, wouldn't you think our markets would be up as money would again rotate into our markets as it did two days ago?If Shanghai goes down another 5-10% on Sunday Night, just think of what Monday Morning's opening will look like...
Shrug...maybe it's a simple case of who's actually leading who...if at all??
Fib
Chinese industry is a high beta proxy for the western industrial world.
Also, please read my post on popcorn over in the gold board, which goes into more detail.
This may help you:
http://www.traders-t...showtopic=65312