Chinese Hungry Ghost Month.

Stay away from chinese stocks during the Chinese ghost month while the Americans will say stay away from Halloween before you get bumped.
In Thailand it's called the "Tay Krachaat" festival.
The photo shows how the chinese burn the paper effigy of the ghost and the house.
Apart from burning paper incense,heavenly paper money is also being burnt.
No wonder chinese stock got burnt badly this month.
For the Chinese, the month of the Hungry Ghosts or Spirits - usually in the month of August - is the most inauspicious time of the year. Taoists believe that the gates of Hell are opened at this time, and the spirits of the departed wander freely about the earth.

Shanghai Stock Exchange Composite (3 months chart)
The two bearish hangmen,beginning and mid-July is the ghost flag warning sign.The ghosts must have been hanged during China's rogue emperors who are now being worshipped as deities.

China's index triple digit crash has been deliberately being manipulated specially for this ghost month.

The bullish harami seen at this bear support is a sign to gear up for the beautiful mid-autumn festival. The "ghost-buster"at work now.
The streets with the long line of flags of victory against the warring ghost.

In the Shanghai stocks chart pattern,this is the ascending flag.Stocks tended to perform poorly during this period.

The Chinese lunar calendar (as the name implies) follows the cyclical movement of the moon. Therefore, in the Chinese calendar, a year has a total of 354 days or 11 to 12 days shorter than the solar year. To balance the lunar and solar calendars, a leap lunar month is added every three years.
General Bai Qi was a famous general in China.He served the King of Qin during the period known as the Warring States.Without his military contributions, the State of Qin would never unify China, and the first Emperor in China would not be Emperor Qin Shi Huang.
The Dow's 5 days weekly behaviour todate.

It's in an end-of-the month consolidation mood.

The NYSE bulls are scoring a big win and holding above the bull pivot.

It's having a very ambitious plan right up to the winter Halloween day.

Any pullback will being within the lower shadow of Thursday range.