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| Gator's Chart of the Day: SSEC-X |
Some say that Greece doesn't matter and the real deal is China. The Shanghai Se Composite Index shows the downtrend that has persisted for more than 10 months. It looks to me to have put in a tight double bottom that spanned the new year (ours not theirs) and is now moving higher. Last week it pierced the down trend line and yesterday it it tested it successfully.