To get some idea of how this China Wirtschaftswunder is actually affecting their own stock exchanges a quick look at the Shanghai and Hang Seng (Hong Kong)makes you wonder where the disconnect is;
The Shanghai on the left looks pretty dismal, worse almost than any other market. (see previous blog). The Hang Seng looks remarkably similar to Copper and TCK.B. An a-b-c correction from the lows fits best and the pattern either was completed or has one more little leg up. Ergo we think it is time to get out of TCK.B Seebelow previous comments on Shanghai from exactly a year ago.
