Silky Smooth Sino Sinewaves

By -

It’s refreshing to see a market move with graceful predictability. The Chinese ETF for the Shanghai Composite, shown below, has been flowing in a much smoother pattern than – oh, let’s say for example – the U.S. markets. A goodly portion of its likely drop is done, but it looks like a continuation down to about 31.50 is most likely.

0311-fxi