S-Shares seem to have hit resistance and are likely to turn downward in near term:
S Shares - Is Downtrend Over? (20080328)
Notice that during the Uptrend, the sell-offs tappered off gradually before reaching the Peak, then followed by the Transition and the Downtrend. Similary, the Rallies during the Downtrend would have to tapper off gradually before reaching the Trough and the next Transition phase.
Judging from the current situation, the Downtrend is likely to continue for a while longer after the last rally.
Notice that during the Uptrend, the sell-offs tappered off gradually before reaching the Peak, then followed by the Transition and the Downtrend. Similary, the Rallies during the Downtrend would have to tapper off gradually before reaching the Trough and the next Transition phase.
Judging from the current situation, the Downtrend is likely to continue for a while longer after the last rally.
