"We are never satisfied with our own."
-Terence

Can you dig it man. China still climbs! It's just a kiss away from the psych 3500


LINK

CHINA

A-shares in Shanghai and Shenzhen closed higher on continued strong buying interest, with banks and steelmakers gaining ground. The benchmark Shanghai Composite Index closed up 50.93 points at 3,495.22. The Shanghai A-share Index was up 54.06 points at 3,674.37 and the Shenzhen A-share Index was up 10.62 points at 971.39. B-shares in Shanghai and Shenzhen closed lower on profit-taking after recent strong gains. The Shanghai B-share Index was down 1.39 points at 188.01 and the Shenzhen B-share Index was down 3.87 points at 543.26.

BSE was high in the morning but closed flat in the red 6 points

INDICES Points +-Pt +-%
SENSEX ê 13,183.24 -6.30 -0.05
MIDCAP é 5,517.06 55.55 1.02
SMLCAP é 6,711.51 54.77 0.82
BSE-100 é 6,669.06 1.16 0.02
BSE-200 é 1,577.57 1.40 0.09
BSE-500 é 5,028.95 10.11 0.20


Europe is up. Dow futures are up.

"A determination to succeed is the only way to succeed that I know anything about."
-William Feather


'I wanna break free' ('We will rock you' premiered at the Canon Theatre something totally unrelated except for the song titles I used, both by Queen)- Yeah man China cracks psych barrier of 3500!

Amazing ! Amazing! What a run! Extra! EXTRA! read all about it -China and its miracle!(freely adapted from 'The Pinball Wizard' by The Who)

http://www.forbes.com/markets/feeds/afx/2007/04/12/afx3605153.html


China A-shares close broadly higher; key index at fresh high - UPDATE
04.12.07, 4:58 AM ET




SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed broadly higher on strong follow-through buying with machinery and power companies in demand, dealers said.

The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 35.81 points, or 1.02 pct, at a record 3,531.03, after moving between 3,488.08 and 3,532.86.

The key index ended up for 19 of the past 20 trading days. Turnover fell to 148.37 bln yuan from 156.21 bln in the previous session.

'The Shanghai Composite index passed 3,500-point resistance easily on the back of strong follow-through interest, with gainers significantly outnumbering decliners,' said Jiang Fan, an analyst at Soochow Securities.

Analysts said the market will likely see some corrections in the short term after recent rises.

'I believe there will be some corrections around current index levels because the market has risen a little too quickly and sharply over past weeks and a consolidation is definitely necessary,' said Zhang Yi, an analyst at Yibang Investment


BSE

INDICES Points +-Pt +-%
SENSEX ê 13,113.81 -69.43 -0.53
MIDCAP ê 5,512.40 -4.66 -0.08
SMLCAP ê 6,682.53 -28.98 -0.43
BSE-100 ê 6,626.04 -43.02 -0.65
BSE-200 ê 1,568.21 -9.36 -0.59
BSE-500 ê 5,002.81 -26.14 -0.52



Europe down, but DAX still holding above 7100

Dow futures down.

So we are in tax season.

Here's a quote from The Beatles.

'1 for you, 19 for me,
I am the taxman....'

Going back to the time when there were 20 shillings to the pound.

http://www.businessweek.com/ap/financialnews/D8OFM4P81.htm


SHANGHAI/SHENZHEN: Chinese shares were pulled down by profit-taking and concerns over upcoming initial public offerings of banks after they ended at record highs for nine consecutive sessions. The benchmark Shanghai Composite Index fell 0.4 percent to 3,518.27 points. Turnover on the Shanghai Composite Index reached a record of 168.09 billion Chinese yuan ($21.8 billion). The Shenzhen Composite Index slipped 0.03 percent to 948.43 points.


BSE up up and away . 270 points up at 13384

INDICES Points +-Pt +-%
SENSEX é 13,384.08 270.27 2.06
MIDCAP é 5,576.50 64.10 1.16
SMLCAP é 6,756.46 73.93 1.11
BSE-100 é 6,762.04 136.00 2.05
BSE-200 é 1,599.62 31.41 2.00
BSE-500 é 5,098.80 95.99 1.92


In case nobody has noticed the CAD now buys over 88 US cents as compared to a few weeks ago when it was hovering around 85 cents.

Yoo hoo, China is the best at the Rodeo!

April 16, 2007, 4:43AM
China Shares Rise to Record


© 2007 The Associated Press


SHANGHAI, China — China shares rose to record high on Monday on strong demand for financial stocks.

The benchmark Shanghai Composite Index, which tracks both A and B shares, rose 2.2 percent to 3596.44, the tenth time it has hit a record this month alone. The smaller Shenzhen Composite Index rose 2.7 percent to 973.88.

Fund managers sought out financial stocks, pushing the sector sharply higher, analysts said.

China's gains were also helped by a rise in financial stocks in Hong Kong, where an H-share financial index futures was launched on Monday.


http://www.chron.com/disp/story.mpl/ap/fn/4717933.html

BSE jumps 311 points to 13, 695!

SENSEX é 13,695.58 311.50 2.33
MIDCAP é 5,665.95 89.45 1.60
SMLCAP é 6,884.13 127.67 1.89
BSE-100 é 6,910.66 148.62 2.20
BSE-200 é 1,633.74 34.12 2.13
BSE-500 é 5,204.65 105.85 2.08

HK up, Nikkei up, Singapore zeroing in on 3500. Silver over $14.

Dow futures up.

Everything's cool all the way around!

Lots of bulls out there!

China cracks 3600!

http://www.pacificepoch.com/newsstories/95121_0_5_0_M/

Shanghai Index Hits 3,600

600272.SH, Kaikai Equity, macro
Posted by: Hattie Lee on Apr 17, 2007 | 18:04
Editorial Summary
The Shanghai Composite Index rose 0.43 percent to close at 3,611.87, while the Shenzhen Composite Index climbed 1.64 percent to close at 989.89 on Tuesday, April 17. Shanghai Kaikai Equity (600272.SH) resumed trading on Tuesday after completing share restructuring and increased 238.5 percent to close at 20.31 Yuan.


--------------------------------------------------------------------------------
BSE sags- down 88 points to 13607

SENSEX ê 13,607.04 -88.54 -0.65
MIDCAP ê 5,621.25 -44.70 -0.79
SMLCAP ê 6,862.53 -21.60 -0.31
BSE-100 ê 6,868.09 -42.57 -0.62
BSE-200 ê 1,623.51 -10.23 -0.63
BSE-500 ê 5,172.28 -32.37 -0.62

Europe down. HK up only 30 points. Japan down.

CAD again at 88+.

Yesterday China went down 5% and pretty much took the world down with it except for the mighty Dow which stood its ground and actually closed flat in the green.
Looks like the world felt a bit short between the legs (excuse the macho metaphor) and today decided to show up the US and spring back up.

http://www.bangkokpost.com/breaking_news/breakingnews.php?id=118223

Shanghai (dpa) - Chinese stocks on Friday recovered most of their losses from a day earlier, when they saw their biggest slide in seven weeks.

Corporate earnings reports, including those from GD Power Development Co and Tsingtao Brewery Co, helped shares gain as did many investors' belief that Thursday's correction was excessive.

The indices that track the two mainland exchanges fell nearly 5 per cent Thursday after the government reported that China's economy expanded 11.1 per cent in the first quarter, feeding speculation that the world's fastest-growing major economy is overheating and might raise interest rates.

On Friday, however, the Shanghai Composite Index, which tracks stocks on China's larger mainland bourse, gained 135.19 points, or 3.92 per cent, to close at 3,584.20.

The Shenzhen Composite Index, which tracks stocks on the smaller exchange, rose above 1,000 - up 43.84 points, or 4.57 per cent, at 1,003.84.

The benchmark CSI 300 Index, which tracks yuan-denominated A shares on both exchanges, finished 138.98 points, or 4.41 per cent, higher at 3,289.28.


BSE followed suit opening with a gap and up 277 points at 13897.

SENSEX é 13,897.41 277.71 2.04
MIDCAP é 5,699.08 47.00 0.83
SMLCAP é 6,974.37 69.08 1.00
BSE-100 é 7,005.99 129.25 1.88
BSE-200 é 1,655.20 28.78 1.77
BSE-500 é 5,271.95 87.82 1.69

Gold is up.

Man oh man- there's no stopping the dragon!


http://www.pacificepoch.com/newsstories/95623_0_5_0_M/

The Shanghai Composite Index gained 3.53 percent to close at 3710.89 while the Shenzhen Composite Index rose 3.87 percent to close at 1042.82 as fresh liquidity flooded into the market on Monday, April 23. More than 1200 stocks were in positive territory with approximately 100 stocks reaching their upper 10 percent daily increase limit. Only 95 stocks ended the day in negative territory and none reached the lower 10 percent daily limit.

BSE up only 30 to 13928

INDICES Points +-Pt +-%
SENSEX é 13,928.33 30.92 0.22
MIDCAP é 5,702.44 3.36 0.06
SMLCAP ê 6,970.92 -3.45 -0.05
BSE-100 é 7,006.60 0.61 0.01
BSE-200 é 1,655.99 0.79 0.05
BSE-500 é 5,274.38 2.43 0.05


CAD is now at 89 all set to hit 90 once again