PLS chart, page-22336

Yep typical fear-mongering shake out induce and to hit stops then a cynical buy up once they’ve had their momentary fill playing off the LTR announcement to come risk catalyst I suppose. However even ‘they’ don’t know all and are always creating risk and opportunities for all. At some stage the Supreme Market Intelligence will start buying up or continue the sell off because it has its feelers out everywhere and knows so much more than we do. However there’s a good argument that you’d be brave to be shorting now given the depth of the declines and no demolition of the bigger investment case. Chinese plenum on 15/7 what if subsidies come back? Bit hard to breathe in Beijing I hear.