no stop losses here mower, this current chinese market with its humungous gyrations in my view does not lend itself to short term stop losses.
I am of the reasonably strong view that the China A50 will continue to fall - for how long, in what manner, and to what level I wouldn't have a clue.........the charts are telling us that the financial markets around the globe are now showing a degree of panic due to the continuing negative news from china and concerns over the future of its economy, and I understand that the average pe for the Chinese market is something like 3 times that of the rest of the world....... it is only Chinese government's desperate measures that are preventing a free fall........ is all of this an exaggeration ? ....
I have now taken up another short position at 98oo - so that's one and half parcels at an average of 9670, so currently just a little bit down as the government claws its way back up, and I am just a tiny bit down.....
