CHINESE STOCKS TO FALL FURTHER

What faith do you have in the Chinese authorities managing to contain weakness in stocks listed on the Shanghai Stock Exchange? If you believe that they can succeed you perhaps should think again. Have a look at the daily chart below of the SSE index...I am not an Elliott Wave expert but to me there is a clear nine wave decline, labelled (A), followed by a a flat correction labelled (B) and now wave (C) is in progress. If you are thinking of buying you should wait.