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readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

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China Wobbles, What Has Been Shorted

George Berbard Shaw Quote

In 20 short years China equals (if you trust US and Chinese GDP numbers) US GDP.

Every great nation has it growth pains, after all the US of A was bailed out a few times over the last 200 years (J P Morgan in 1893), so you can expect China to have a few hard landings over the next 100 years. That is simply the law of the business cycle, no matter how modern day central bankers think they can flat line the down swings. Nope they can not, only delay.

This is what has been sold down on Chinese wobbles, and you can bet the momentum traders will push these lower. The FAT LADY has not yet sung on this down swing!

Copper slump due to demand slump. Chinese uses 30% of worlds copper.

Copper ETF Weekly Chart

Honk Kong (mostly property stocks) shows trend is at a very critical stage, buy the dip again would you?

Hang Seng Index Weekly Chart

Aussie stocks (exports) suffer after Chinese imports slump..

Australian Ordinaries Weekly Chart

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

"Mathematical science, which is the only real science that the entire civilized world has agreed upon, furnishes unmistakable proof of history repeating itself and shows that the cycle theory, or harmonic analysis, is the only thing that we can rely upon to ascertain the future." ~ William D Gann

"To me, the 'tape' is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!" ~ Martin Zweig

"Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected." ~ George Soros

"It's not what you own that will send you bust but what you owe." ~ Anon

"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." ~ Nobel Laureate for Economics Paul Samuelson

 

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