My expectation was a correction somewhere around %30, however as I said before I believe that index is today where S&P500 was in early 80s.
This is what I said almost one month ago.
Although Chinese market is now in corrective phase, I believe Shanghai index is where S&P was in early 80s. After a brief and sharp correction , say %30, that market may triple or quadruple in a few years.
Here is the link to my original post.
http://www.traders-t...?...st&p=264713
$SSEC was down another %2+ today. We will see if it can correct %30 but I believe it is entirely possible.
So once again, I want to make it clear that the parabolic correction SSEC is going through will be sharp and quick in my opinion and I believe that index can easily triple or quadruple in coming years as China will be the only super power , not only economically but militarily as well , perhaps sooner than most of us could ever imagine.
Edited by xD&Cox, 05 February 2007 - 01:38 PM.