Analysis on China

The Shanghai Index closed on Feb 4th 2010 at 2995.
On 4 August 2009 it hit an intraday high of 3478
In October 2008 it was roughly 6100 levels

So the Shanghai Index appears to have had a top on 4 August 2009 and is currently heading downwards.

The BIG move for China happened in the months of Feb-July 2009...after that it has been just in distribution phase.

Looks like the bears have taken control firmly in China which appears to be a bubble like situation. The next few months should be very interesting