The Shanghai Composite Index (^SSEC)
is near its all-time high after completing a double top.
This very speculative three-stage upside market could move higher
but be cautious if you plan to buy Chinese stocks at these lofty
prices. Recent price action shows extremely volatile movement.
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Price Patterns - A
Double Top Signals a Downside
Price Upsides
Often Occur in Three Stages
Shanghai Composite Index Closes Above
4,000
Posted August 2, 2007.
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