Shanghai has been in 1 and half year bear market! It has broken above the upper down trend line convincingly in mid Oct 2010. However not able to hold it and slip below the trend line again.
Hang Seng seems to be more interesting. After the break above the upper down trend line in mid Sept 2010, it has marched ahead thanks the US QE2 of US600 Billion. Currently support level was formed at 22900 level. But watch out, a H&S formation is in the making. So for short to mid term (up to 3 months) traders beware, the market does offer opportunities at the moment but risk not at acceptable level yet.
Cheers Happy Trading.
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