Tuesday, August 22, 2023 2:36 PM EST
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Every time China's Shanghai Index punched above 3000, it soon turned into "froth" and was, subsequently (and easily) blown away, only to retreat back into a large sideways Chaos Zone in between 2000 and 3000, as shown on the following monthly chart (SSEC).
Notwithstanding all of China's multiple efforts to shore up its considerable economic woes over the decades, nothing has been successful in the long run...and that's reflected in this chart.
Today's price is the same as it was in March of 2007.
I doubt that will change any time soon.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8LzdNg8cO8Yj3yVWKhEoTOHlURVr_g_t5dpm7SwM1ExEFhf5axHI8m1lRSgrZqG8vlBdl8PB2SuqamklIeU3YFCRufgJTcONUWo7r_buMTwNApCDPC0iiBCyzxkFTFc-JIWdcar6lgyDz0ntw42lIWv0w9ke-__BIcO420fiIr-ugQVSv6HRjupBtoDSI/w640-h464/Screenshot_20230822-100445.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGYHf0D-TUM2otN1ojzeSAF_UI--C4nPeX55CwhjUjg5uRSi5JAHOq98zAImndSpTuprWy6aFr99I1FbYDaVK_gXEJU1GEWkZZ13lUff2Yhr9sxY-WEe1bKsNKU4UAG8WKm_dzXtdU6krcO2GA-zpJMcTGhwtanm1-HpmODIzK8YHYoDNuBPe50bShpMEb/w400-h285/Screenshot_20230822-103019.jpg)
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Disclaimer: All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are ...
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Disclaimer: All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are provided for your information or entertainment only...none of it may be construed as financial or trading advice. I trade my personal account only...I do not manage a fund for other people. Please do your own "due diligence" before engaging in any trading activity.
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