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World Stock Markets Trading Discussion - Ugly unwinding


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There was a small positive divergence in the 5 day cycle oscillator as the low was tested near the end of the day yesterday. A similar setup from a similar indicator level on June 30 resulted in only a small 2 day rally, then 2 days of declines to a lower low and 2 more tests before a 7 session rally to the mid July high. That second bottom had a much larger positive divergence versus the first one. 

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Chinese FX reserve meltdown, this time with a nice chart thingie courtesy of the - bullish* on china - goldman sucks' boys.

 

attachicon.gifCK5ywucWsAAPI1a.jpg

 

 

*A Evans-Pritchard ‏@AmbroseEP 2h2 hours ago

If you notice bearish analysis on China from western banks drying up. There's a reason. Reliably told: they're being (gently) threatened

 

I don't really know what is happening in China.

 

Excellent use of the word thingy.

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