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banks down?

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why are banks going down and alsh up?
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5 REPLIES 5
divz
Super Contributor
banks overbought and technicals been giving sell signal will not necessarily go in same direction as ALSI see yesterdays ASA thread
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People dont want to keep a long over the weekend.Taking some profit off the table..Atleast my Asa is in the black for a change,hoping next week I can recoupe sum losses..Why is the shanghai market taking such pain and the rest of the world keep rallying??
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because im short on it lol, and saw it coming.. theres stil plenty more downside to come.. shanghai is at its all time high, so while all world markets and still about 25%-30% of its highs, shanghai is at its high, the bear market is just starting there.
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So you think the rest of the world is gonna rally 20/30% up before they fall??
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no, thats just the way the chinese markets are priced for some reason, many ppl call it legalised online gambling .. they expecting a huge correction.
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