Here is what you need to know about the Chinese ''fiscal'' press conference: Chinese policymakers are applying a Western-like playbook here. Lift the stock market at all costs. And hope that's enough to loosen financial conditions and rescue the Chinese economy. But there is a problem with that. Contrary to Western societies, Chinese households have most of their wealth stored in the housing market - not in the stock market. The Chinese ec...
$Nasdaq Composite Index (.IXIC.US)$Gravity is he Italian also? They say if it ends in a vowel it's Italian, gravity is that Italian? I don't think so but Fibonacci is. What goes up must come down that pretty much surmises Fibonacci it's a 50% retracement from a run which represents a consolidation reversion to the mean your pick. The Chinese stocks have gone ballistic last week people bet that it was going to continue Monday they're getting their asses handed to them and it continues today....
What a day…$Hang Seng TECH Index (800700.HK)$dropped 14% in just one hour after the opening bell…Index one day drop 14%🤣🤣 I believe that’s due to everyone is expecting China Index like$Shenzhen Component Index (399001.SZ)$and other China index to take off and yeah, it did at the beginning and slowly going down and made people feel like the buyer power is not as strong as it used to be and then$Hang Seng Index (800000.HK)$and a lot...
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TechSavy
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NIO and LI are both down. I sure hope the China market tanks, I've been holding YANG the last 3 days and each day gets worse
Chinese policymakers are applying a Western-like playbook here.
Lift the stock market at all costs.
And hope that's enough to loosen financial conditions and rescue the Chinese economy.
But there is a problem with that.
Contrary to Western societies, Chinese households have most of their wealth stored in the housing market - not in the stock market.
The Chinese ec...
Gone
They say if it ends in a vowel it's Italian, gravity is that Italian? I don't think so but Fibonacci is.
What goes up must come down that pretty much surmises Fibonacci it's a 50% retracement from a run which represents a consolidation reversion to the mean your pick.
The Chinese stocks have gone ballistic last week people bet that it was going to continue Monday they're getting their asses handed to them and it continues today....
$Hang Seng Index (800000.HK)$ $Hang Seng China Enterprises Index (800100.HK)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng China Affiliated Corporations Index (800151.HK)$ $SSE Composite Index (000001.SH)$ $Shenzhen Component Index (399001.SZ)$ $Chinext Price Index (399006.SZ)$ $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ $Direxion Daily FTSE China Bear 3X Shares ETF (YANG.US)$ $NASDAQ Golden Dragon China (.HXC.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $China Concept Stocks (LIST2517.US)$