Sent to you by MarcG via Google Reader:
via EdgeSingapore RSS on 8/19/09
IS THIS A correction or the end of a bear rally? There is no easy answer. The Shanghai Composite Index (2,785) is leading the drop and its recent decline of more than 20% from its peak on August 4 is a dampener on market sentiment here. The A-share index had earlier broke beneath its still rising 50-day moving average, currently at 3,109. On Wednesday, the 100-day moving average at 2,834 was breached, and the index (Shanghai Composite) could be on a sharp slide down to 2,430.
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