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Friday, December 10, 2010

China November ScoreCard

1.  China's trade surplus at $22.9 billion (October $27.1 billion)
2.  China's exports jumped 34.9% (October 22.9%) But imports grew at a faster pace of 37.7% (October's 25.3%) 
3.  China's property market cool down - Monthly 0.3 percent gain implies a 3.6 percent annual increase, which is lower than inflation, she said. China’s consumer prices climbed 4.4 percent in October... http://www.bloomberg.com/news/2010-12-09/property-prices-in-70-chinese-metropolitan-areas-rise-7-7-from-year-ago.html

Comments : STI down on worry of further China's interest rate tightening... SPX near Top 1250 after 2 attempts to cross 1235! Third attempt soon before consolidation or "very short" consolidation and continue rising to year end 1300 Top! SSE will be a signal to tilt the markets down sharply or push higher to year end (more likely from above fundamental facts - awaiting China to release mass market housing programs)... Bear big traders won big in 2009, But Bull big traders won this year todate...

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