Wednesday, June 3, 2015

Bull market trend for Chinese stocks

I think things are changing in China for the better, not the worse. It still needs to go down just a tad more.

Give prices another 3, 4, 5 percent on the downside, take me back close to the upward sloping trend line and, you betcha, I'll be a buyer.

I think President Xi is really doing all of the right things, attacking corruption as he should be doing. And the monetary authorities are still going to be expansionary. The trend is from the lower left to the upper right. As the saying "Don't fight the fed"... dont fight the people's bank of China.