Another Chinese Market Meltdown soon??

[riverbabe]

Marty Chenard has issued a special warning to subscribers about the Shanghai 180 Index. The monthly chart is now showing the same pattern it did right before the Feb. 27th meltdown. If the chart pattern prediction is followed, there should be another Shanghai meltdown the middle of next week that could affect the US markets again.

Beware! And be aware! Riverbabe

[spikefader]

Marty Chenard has issued a special warning to subscribers about the Shanghai 180 Index. The monthly chart is now showing the same pattern it did right before the Feb. 27th meltdown. If the chart pattern prediction is followed, there should be another Shanghai meltdown the middle of next week that could affect the US markets again.

Beware! And be aware! Riverbabe

I just did a quick bit of research and I see that the SSE180 mirrors the price action in the $SSEC, the Shanghai Stock Exchange Composite Index, and the $DJSH, DJ Shanghai Index. Someone let me know if this mirroring is false. Anyone got some charts for SSE180?

Anyway, the $DJSH chart shows it's in quarterly 3 impulse up, due 4 down then 5 up.... so not sure about the "meltdown" warning...



Reason to fear a meltdown? Well, while the 4 down will be impulsive ... and may well affect US markets .... I think the word "meltdown" is overstated. Semantics again maybe I'd feel more comfortable for the word "meltdown" potential warning if price were failing a fuzzy C

Anyway, below are some charts that show the wonderful and extremely bullish nature of the $SSEC lately. Ain't bullish price action somethin' t' witness!



These charts suggest the bias remains up.

[spikefader]

OK, I found the article he published at http://www.safehaven.com/article-7338.htm
and here is the chart pattern he's talking about:


Yeah, the SS180 will likely correct at some stage soon from its impulsive action. But I think it's important to remember that the bigger January SS180 correction didn't affect the US markets.

I'm still a bull lookin' fer INDU 12800.

[riverbabe]

OK, I found the article he published at http://www.safehaven.com/article-7338.htm
and here is the chart pattern he's talking about:


Yeah, the SS180 will likely correct at some stage soon from its impulsive action. But I think it's important to remember that the bigger January SS180 correction didn't affect the US markets.

I'm still a bull lookin' fer INDU 12800.

He put the chart up for subscribers only and cautioned us not to publish it, so I didn't. But I thought his analysis was right on the money, if the last chart follows the same trajectory as the chart right before it. This may not be a doomsday scenario, but I think we need to be very aware that it could happen and be ready to take action proactively! Of course, it all depends on what the action is over the next three days.

[riverbabe]

China market update

This is the latest update from Marty Chenard. I'm just the messenger! Riverbabe


Tuesday, April 17th. Last week, reported on the extremely unusual China pattern that appears to be repeating. Last night was day 4 outside of the rectangle and if it does a 100% repeat, then the Shanghai 180 will fall tomorrow.

We won't know for sure if the pattern will repeat for sure, but last night, the Shanghai 180 closed with a bearish Doji candlestick ... see this link for the chart and update: China The implication, if this happens, is that the world markets could follow the same direction. We will know tomorrow.

[IIC]

This is the latest update from Marty Chenard. I'm just the messenger! Riverbabe


Tuesday, April 17th. Last week, reported on the extremely unusual China pattern that appears to be repeating. Last night was day 4 outside of the rectangle and if it does a 100% repeat, then the Shanghai 180 will fall tomorrow.

We won't know for sure if the pattern will repeat for sure, but last night, the Shanghai 180 closed with a bearish Doji candlestick ... see this link for the chart and update: China The implication, if this happens, is that the world markets could follow the same direction. We will know tomorrow.

Let's hope he's right...I'm getting tired of waiting for the correction...Doug

[riverbabe]

A drop on the Shanghai 180 did not happen yesterday. BUT the session ended with a dragonfly doji. The day before ended with a doji star.

Double dojis, folks. Something is going to happen tomorrow in China! Let's hope it's an up move.

[IIC]

Crash 'n Burn:

Stocks: Fall Sharply In Morning On Bearish Dollar

TOKYO (Kyodo)--Tokyo stocks fell sharply Thursday morning with investors dumping high-tech and other export-focused issues on the weaker U.S. dollar against the yen.


Darn...I can watch Japan in R/T...But I have not figured out a way to get China markets R/T

[BoSox Jon]

http://chinese.finance.yahoo.com/q?s=^HSI&d=c&t=1d&l=on&z=b&q=l

Not sure if that's what you're looking for. But it's an intraday chart of the Hang Seng Index.

Jon

[riverbabe]

Financial News


Thursday April 19, 11:15 AM

http://uk.biz.yahoo.com/060328/323/g7mtt.html

Asian bourse roundup
BEIJING (XFN-ASIA) - Asian closing stockmarket indices:

-Bangkok: SET index 687.23 (down 5.04 pts)

-Hong Kong: Hang Seng (news) index 20,299.71 (down 477.38 pts)

-Jakarta: Composite index 1,918.353 (down 41.324 pts)

-Kuala Lumpur: KLCI Composite index 1,306.36 (down 22.27 pts)

-Manila: Composite index 3,238.06 (down 57.22 pts)

-Seoul: Composite index 1,513.66 (down 20.92 pts)

-Shanghai: A index 3,624.90 (down 171.79 pts)

B index 192.62 (down 8.50 pts)

Composite index 3,449.02 (down 163.38 pts)

SSE-180 index 7,057.64 (down 328.17 pts)

Shanghai Shenzhen 300 index 3,150.30 (down 154.20 pts)

-Singapore: Straits Times index (news) 3,291.28 (down 109.13 pts)

-Sydney: S&P/ASX 200 6,165.1 (down 71.8 pts)

All Ords 6,148.3 (down 66.70 pts)

-Taipei: Weighted index 7,888.63 (down 114.68 pts)

-Tokyo: Nikkei 225 (news) index 17,371.97 (down 295.36 pts)

-Wellington: NZSX-50 index 4,180.64 (down 11.92 pts)


This is what Marty showed yesterday

[IIC]

http://chinese.finance.yahoo.com/q?s...d&l=on&z=b&q=l

Not sure if that's what you're looking for. But it's an intraday chart of the Hang Seng Index.

Jon

Last night I was able to get the Hang Seng here:

http://www.hkex.com.hk/index.htm

But the other China exchanges were delayed. I have a whole list of Chinese Links at the Useful Links page at my site: http://SharpTraders.com

I also have a link to R/T Nikkei...thanks...Doug

[peanuts]

You can always use this link to get the latest on the asian markets: http://finance.yahoo.com/intlindices?e=asia

Here's a screenshot of today's action:


Does this mean that US markets are about to do the same? I personally doubt it, but have been wrong on various things before.

Is this the top? No way, Jose

USA is still the #1 economy, no matter what they say in China and India. Hey, at least they have dreams, right?

[IIC]

Naz Futs down 11

[IIC]

Repost from IIC Thread

I am trying something tonight...I have put charts up of the Hang Seng, Nikkei, Taiwan Composite and the Shezhen SSE up at my site.

I want to see if they will come up Real Time during Asia Market Hours...Take a look later. If they are Real Time you would have to click refresh to update them as they are not streamers.

So far, I have not been able to locate Real Time Shanghai SSE charts..Delayed are easy to find though.

The charts are posted at the bottom of this page:

http://sharptraders.com/_wsn/page3.html

Example Time Zones:

Los Angeles 5pm Thursday
Chicago 7pm Thursday
New York 8pm Thursday
Tokyo 9am Friday
China 8am Friday

EDIT: Just checked...Nikkei is working...other markets not open yet

[IIC]

ANOTHER REPOST:

OK...Hang Seng was not updating...I have the link tho...I deleted the chart because it has prevented me from editing the last few days until I got on online chat w/ my webhost helpdesk...They then reset it...But I got a bit pushy about why this keeps happening to me tonight.
Finally...They tell me that my package does not support "Advanced html INTERFACE"...Geez!!!...I didn't know I was using ADVANCED...I thought I was a BEGINNER