China's bottoms -up!

The chinese are having their brandy drinking "yam-seng" again.China's system of state-influenced markets has proven itself superior to the more "unregulated" Western model. Cleverly insulated from market turmoil, the claim goes, China is poised to surge ahead as the world's new economic superpower.
Restaurants in Beijing are fully booked, malls are filled with shoppers. Property prices in the capital are buoyant, defying the historical pattern of a post-Olympic Games slump.

Monday,23/02/09.

9:30am:--Bearish Harami.

10:00am:--Early low seen now at session MAV.

10:30am:--Breakout day's opening.

11:00am:--Inverted hammer bulls with dragonfly doji.

11:30am:--Lunch time break.Overall candlestick is bullish.

1:00pm:--2nd session open with bullish gap up.

1:30pm:--Pullback to low confirmation.

2:00pm:--Bullish spike-up.

2:30pm:--Another ascending soldiers.

3:00pm:--Profit taking but still holding at high side.

Looks like the Chinese market is on the road to a systematic recovery.

The economic crisis in China is taking on a fundamentally different shape than in the countries where it originated.
The crisis in Western markets began at the top and worked its way down.

The process unfolding in China is precisely the opposite. The threat comes not from the commanding heights of the economy, but from the grassroots. All along the coast, thousands of small factories that rely entirely on US and European export markets are cutting back production or shutting down. Their margins were thin to begin with, and now their orders are being slashed. The first to be affected aren't the global professionals that populate China's big cities, but the migrant workers that made those factories hum.