China's efforts to "support" the markets by banning all forms of selling have totally backfired. Selling can occur via the cross-listed shares in Hong Kong and the U.S.
So what the Casino managers have really done is banned all buying, because it's hard to buy something that's halted and no one buys something that can't be sold. They've made the confidence problem far worse.
In the future NO ONE will consider Chinese markets to be reliable venues for investing when thousands of stocks can be halted for days on end without notice.
ZH: July 9, 2015
A Centrally Planned Collapse. Visualized
In the future NO ONE will consider Chinese markets to be reliable venues for investing when thousands of stocks can be halted for days on end without notice.
ZH: July 9, 2015
A Centrally Planned Collapse. Visualized
The hubris of this age can't be overstated. I wouldn't trust these incompetent bureaucrats to flip my fucking burgers.
Regardless, as we see below, it's a Third wave down at all degrees of trend and as we see from volume (lower) pane there has been no sign of capitulation:
Full CYNK visualized: Central Planners are removing liquidity via their constant trading halts and interventions:
Hong Kong
In this newfound direction (down), there are no buyers, only sellers. That's the nature of an a-b-c retracement - it's a recurring shaft job...
France CAC
Stop me any time...Social Mood will now render judgement on this Centrally Planned clusterfuck...
Globalization: All markets are in CYNK
This shit show is measured in days. Two weeks at the outside for global synchronized melt-down. I'm assuming sooner, since it's already well advanced in every direction.
Central planner interventions are only making it far deadlier, by systematically removing confidence and liquidity.