Shanghai Stocks Ragging.

Finally after nearly over one-week of agonising non-stop hammering on the Shanghai Stock Exchange,the chinese investors and speculators have a sigh of relief on Friday when the market close at 5,032.13 UP 47.969 points.The low was 4,896.988.

This is the first time ever that the stock market punters have experienced how a crash will taste like as most have never gone through the boom and the burst.

The euphoria of chasing up stocks without realising the intrinsic valuation,warning by corporate officials and herd instinct have been a bitter lesson to a large section of the investors.

Anyway the hammering has been completed.Most of the financial market,technically have been corrected right up to the pivot point,some held at the bullish and bearish pivot point and Nikkei has wiped-off its one-year chart.The Dow has also completed its dressing right to the Moving Average Line (Main Pivot) where the left shoulder and the head has been formed.It needs to complete the other right-shoulder (see my previous chart) otherwise it will be like a one-arm bandit ready to skin everyone again.Let's hope Good Oldman don't Sucks.
Tracking Shanghai Lol.
The correction has been completed near the bull pivot.The Great Wall of China will be rebuilt.The tyrant Emperor Qin Shi Huang of the Qin Dynasty is back.This time he might be building his famous Terra-Cotta Warriors and Horses.
Meantime investors should get some prescription from China Nepstar Chain DrugStore Ltd (NPD)
http://finance.yahoo.com/q?s=NPD