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Hey, I am a big fan of yours and closely follow your blog. However, I am afraid I have to disagree with you about the markets topping, atleast where Chinese stocks are concerned.
Chinese stocks are rocking, there is no climax tops, I base all of my work on past history and 125 years of facts tell me there is absolutely no top right now. Maybe there will be in another month but until then there is still money to be made. If China is about ready to top why did we just go long CISG and why did recent new listings CNET CREG CHGS FTLK and CNAM have such great days? The answer is because the uptrend is sound and intact. Top calling will always be a game for the inexperienced trader. Study the greatest traders of all time and you will see this to be the truth. Everything I do is on history/facts. Never my opinion. Facts say we are still going higher, until distribution rocks this market.
I agree with you where the intermediate term trend is concerned, it certainly has not ended. I too believe that there is still money to be made trading stocks long short term. In fact I have been and continue to actively trade some of the very stocks that you highlighted.
Where did the rest of your comment go? I think my second-in-command accidentally chopped off some of your post!
Bottom line. The charts are the final answer and those stocks you did mention like CAAS, RINO, and I can not remember the others look “ok” and very well could just be making wider/looser bases and could still move higher before actually moving down.
The FXI does look choppy but the Chinese stocks on our indexes still do not have the rollover look completely. Still you are very right to be prepared for a possible downturn but to call a top I want you to remember…none of the greatest traders of all-time EVER called tops or bottoms or were bulls or bears. They played what the market gave them and reacted to the market in the moment the market was in.