The worst is behind us

It is only on hindsight that we know what the low is, and for the SSE, HSI and STI, the low point was made on 25 June 2013. The DJIA, because of time zone difference, made its low on 24 June 2013. I am pretty sure the lows will stay for now. The more tricky question is, not all stocks will rise with the index.

Chart for Midas:

It is showing signs of life after the recent correction, having just crossed the 200-d MA gracefully. Think it is preparing for news of contract wins.


Chart for SUNAC

It also just crossed above 200-D MA, representing a more bullish scenario. Management is anticipating excellent results.


These two represent a bullish case for recovering Chinese equities. I think the Chinese market has bottomed, despite ongoing concerns and fear of the Chinese economy tumbling.