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January 12, 2006

Shanghai bull market continues, Thurs., Jan. 12, 2006, 7:01 AM

On Dec-29-05, I wrote to say that the Shanghai Fly had turned bullish, and that I had agreed. The Fly actually forecasted a short-term run of about +4.5 pct, based on oil and gold, and that is what has happened. In just seven trading sessions, the Shanghai SSE Composite Index is up +4.9 pct. Today, Shanghai was up +1.3 pct.

Posted by Posted by Bill Cara on January 12, 2006 06:48:01 AM | Category: China