A New Bull in China ??

Shanghai Composite  hits a fresh seven year high at 3546, hitting the highest level since June 2008 and breaks above 3400 after a long consolidation. Predicted 15 days back in our post as the Triple Trend Oscillator (TTO) clearly showed a synchronized bullish alignment pattern developing on the Chinese indices !!  With all the three TO in bullish zone, China is likely to outperform the other emerging markets in near term. The Indian Nifty on the other hand has already run ahead in the last one year and shows a corrective pattern on TTO.

The rise comes at a time when Indian markets have been in corrective/consolidation mode. Could this be the beginning of a new bull market in China ??