The Shanghai Flag
January 20, 2011  Analysis from Chris Kimble 

Chris Kimble calls our attention to a flag in the Shanghai Composite over the past three years. He sent the chart below before the Asian markets opened on Friday. As I post this, the Shanghai is up 1.85%.

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Chris comments: You have highlighted the Shanghai index on a regular basis. This key stock market has formed a key pattern that very well could influence the entire world!

Flag patterns suggest that a huge move is ahead, yet it doesn't tip its hand as to the direction. The flag is about to end. FOLLOW THE BREAKOUT!


For the most up-to-date Kimble analysis, check out Chris's blog: Kimble Charting Solutions.