OK, the A-share index really starting to look like a DT now.
I've closed all my positions and am preparing for a crash. If so - It might come back to the 3000 mark before the Chinese Govt steps in to push it up.
Bold call, I know. And I could be wrong. Daryl says its just a consolidation phase- but maybe he's been in China too long and caught the China bug.
Its simple- what goes up fast- can come down fast. A simple crisis of confidence and everyone starts cashing in their chips. Of course China will eventually rise- I'm sure they were saying the same thing about US in 1930 following that awful stock market crash.
Post note: the China index crawled back up to positive territory at the end of the day - a bullish candlestick - Wall Street closed high on a positive note. But oil prices climbed back to US$71.