And Speaking of Cliffs, Check out Shanghai
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.
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!
(c) Kimble Charting Solutions