China Market still bearish

Since the last update about 2 weeks ago, the SSE has since turned around slightly. I appears that a new trend is form with less steep slope downwards. This could signal potential turn around is near. The prices are moving down in much slower rate and some stocks could be starting to move up. Of course the recent AgBank IPO could also lift the market a little bit. However, recent comments from analyst about the bad practices of local banks could dampen the spirit.



Could see turning around in a couple of weeks if things goes well.