the trend for the shanghai composite is down , but the strong downward pressure is being moderated by the chinese government. I have been shorting this for a good month now and its going ok - swing trading style ....in fact the chjnese gov't is doing me a favour by keeping the price movement within an obvious range
to me you don't have to be Einstein to see it has been in a huge bubble which should come back to some mean level eventually .
I am not using any stop losses because of a reasonable confidence in my view, and that the large swings which can take you out at a loss,when it is really the time to be taking a position ..........
I have sell orders at a the top of the trading band and close out orders at the lower trading band level
