sachalamp

sachalamp Updated 

This chart considers the previous bubbles and resistances. All the previous rallies have retraced to 0.78 in the long run and each bull run consolidated above or around the previous 0.78 retracement. I've drawn the fib retracements for each bubble and used a hard lines to show the 0.78 resistances. I think it will continue dropping now, target being 600-800 in...

sachalamp

I believe China situation and China bubble will end right about ~350-380, and solid growth can start again.