Sunday, 13 January 2013

China SSEC 2243 warns of a downturn

China has made a strong break of the 2 year downtrend from Dec 2012 high 3186 to the low 1949 in Dec 2012. Current 350pt move up to 2300 looks like it has hit resistance. A retrace back to 2000 looks on the cards. Only a break above  and weekly close above 2500 will confirm China is back.


Use Jupiter China fund 83p to capture the next up leg. Buy set at 76p in the next few months.


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