Note from dshort: While everyone is focused on the Fiscal Cliff in the US, Chris Kimble suggests we keep an eye on a potentially new geological formation: The Shanghai Cliff.

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The Shanghai Composite index has created a large multi-year flag pattern and is testing the support line of this pattern. A break of this support line would increase selling volume.

Could the Shanghai Cliff impact global markets? It would if this key support line doesn't hold!

 

 

 

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