Chinese Going to Have Another 9% Crash
Started by
redfoliage2
, Mar 12 2007 09:59 PM
3 replies to this topic
#2
nimblebear
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- Traders-Talk User
- 6,062 posts
Welcome to the Dark Side !
Posted 12 March 2007 - 10:16 PM
How so ? 
OTIS.
#3
redfoliage2
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- Traders-Talk User
- 18,042 posts
Member
Posted 12 March 2007 - 10:24 PM
Many people there literally bet their houses into stocks and many borrowed money to buy stocks. It will crash again but harder, and the 50 dma will not hold this time. The crash will take place either when it double tops or on an H&S.
#4
arbman
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- Traders-Talk User
- 19,504 posts
Quant
Posted 13 March 2007 - 04:32 AM
Red, many appears to agree with you and these ETFs are still barely showing any short interest although they went up sharply last month...
PGJ: PowerShares Gldn Dragon Halter USX China
Shares Short 461,501
Days to Cover (Short Ratio) 0.8
Shares Short - Prior 266,002
Total Shares - Outstanding 4,800,000
Trading Volume - Average 586,900
Short % Increase / Decrease 73.50 %
FXI: iShares FTSE/Xinhua China 25 Index
Shares Short 2,458,519
Days to Cover (Short Ratio) 1.0
Shares Short - Prior 1,638,928
Total Shares - Outstanding 16,300,000
Trading Volume - Average 2,557,500
Short % Increase / Decrease 50.01 %
- kisa
BTW, both ETFs are trading options...
PGJ: PowerShares Gldn Dragon Halter USX China
Shares Short 461,501
Days to Cover (Short Ratio) 0.8
Shares Short - Prior 266,002
Total Shares - Outstanding 4,800,000
Trading Volume - Average 586,900
Short % Increase / Decrease 73.50 %
FXI: iShares FTSE/Xinhua China 25 Index
Shares Short 2,458,519
Days to Cover (Short Ratio) 1.0
Shares Short - Prior 1,638,928
Total Shares - Outstanding 16,300,000
Trading Volume - Average 2,557,500
Short % Increase / Decrease 50.01 %
- kisa
BTW, both ETFs are trading options...
