General Update

I have to admit i underestimated the strength of the current leg up, and was quick to lock in profit. This is always the case in a bull market and that is why it is so hard to out-perform a buy-and-hold strategy.

  

Anyway, the Shanghai Composite Index tanked 5.2% today, the worst 1 day fall in more than a year. The media was quick to shift the momentum back to the bears as we can see from the above report. No signs of complacency, and i think this portends much higher prices ahead and we are still at an early stage of a bull market. The report even suggested more downside ahead, but i think we are nearing the end of a reaction and the market should resume its upward move sooner than you think it should.