Snapshot Summary :
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. Corrupt officials embezzled billions of dollars out of China.
. Money supply basically leaked out or more like flow out of the country.
. Into luxury goods and casionos.
. That extra billions could have gone into the stock market
. Which I guess the locals have no conviction of it either.
. At least the smart money.
. The systemic corruption in the system. What is the communist government going to do about it now that it's affecting money economics ?
. Will the government liberalized the stock market ?
. Open it up to foreigners ?
This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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