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Tuesday, November 3, 2009

Shanghai update - show me the money

Shanghai is ahead in the curve of the developement ( timewise). They already have finished the first corrective wave and are retesting the highs ( well not yet). we have a time frame of 4-5 weeks to finish its upmove before markets will head lower again to test the lows in 2010.
This is the agenda for all other markets as they have started the correction and should end it around mid Nov. before the final move up will be seen but no new highs. Preparing for the real crash like scenario in the first half of 2010. So far the miracle chart comparisson NDX to the DOW of 1929 works pretty amazing.

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I am a professional independent trader