On Shanghai Again

My Dearest Moo Moo Cow,

Everyone is talking about Shanghai again and FSO Market Commentator, Mr.Frank Barbera, has made some brief comments on his write-up today, A Little Bit of This, A Little Bit of That...

• Yet, as we noted last week, the Shanghai Stock Exchange looks dangerously unstable, and in my view, that is a key market to be watching as the volatility there continues to increase, with prices tumbling last night by nearly 4%. Again, it is very possible that the Shanghai Market may continue to move higher still, expanding its parabolic arc to the 4,500 level, but if that is to happen, it will happen soon as the parabolic bust is now knocking on the proverbial door -- with mid-to-late June a prime candidate.
  
  

  

  
  

  Above: The long term weekly chart of the Shanghai Composite…perhaps a few more weeks, then POW! Right in the kisser. Expecting a 30% sell off in Shanghai early this summer; it will not be pretty and it will likely not go unnoticed by other markets.

Fellow blogger Sal, has made some interesting posting too.

• http://malaysiafinance.blogspot.com/2007/05/t-he-emperor-is-very-naked-naked-is.html
• http://malaysiafinance.blogspot.com/2007/05/nasdaq-vs-shanghai-there-is-not-much.html