Elliott Wave Live: Chinese Data Mask Depth of Slowdown? An Investigative Look

Sunday, June 24, 2012

Chinese Data Mask Depth of Slowdown? An Investigative Look

The following article http://nyti.ms/MsM5gb appeared in the New York Times on June 22,2012. It described the possibility that Chinese economic data could be masking the depth of deepening slowdown.

While all the academics and investment banks continue their debate, I thought I'd take an investigative look at the Shanghai Composite, Crude Oil, Copper and Coal.

I'd like to provide my analysis in an attempt to illustrate the value of the Elliott Wave Principle. Please form your own conclusions about the potential direction of each market.

Shanghai Composite

I've been working this count for the Shanghai Composite since August 2011. To date nothing has changed as I'm anticipating the market will test 2028.

Copper

Crude Oil

Coal

Best of Trading

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