China LT SSEC vs US SPX

As commented on China SSEC in Aug, we now have complete correction of the Mar 2007 breakout which alerted at that time and SSEC accelerated momentum upward to 6124.04 which was the breakout target 6000 +/-. The upside momentum of the China SSEC was faster than I expected even though I noted that the momentum was similar as that of Nasdaq in 2000 accelerated momentum.

The same momentum to downside correction was similar as it was upside momentum. We now have China SSEC completely retraced the Mar 2007 breakout and closed at 2000.57 support. The China SSEC Mar 2007 – Oct 2008 price action is in mirror image with Oct 2007 Y-x. International financial markets are LT pivotal supports and we now have world financial credit crisis which it was planned wealth transfer financial scheme even though many believes that the boom and bust cycles are out-of-control chaotic events. As commented for years, the world big money power, aka invisible hands, is powerful enough to control the world finance.