Red Dragons about to blow chunks?

Why does China keep cutting rates?  The Shanghai exchange has more than doubled over the last year.  They have some of the best growth prospects in the world.  Something doesn't add up here.

This probably has made China investors step back and think.  A lot of the recent stock market gains over there have been a result of policies to make their markets more investment friendly.

Also, they are desperately acting like they want us to trust them.  They are doing and saying all the right things, sending Jack Ma's ass to the U.S. to pitch Alibaba and soften us up talking about how Forest Gump is his hero.  Bull Shit.  At the same time they're the only global power in the world to align themselves with that psycho Putin.  You know the West isn't amused by that.

Back to charts...

The Hang Seng is testing last week's low after being quickly rejected at the flat 20D MA.  A break below 27K and we have a pretty clear top to test that vacuum area down in the 25K area.

Why HSI?  commonly known china etf FXI tends to track it.

Trade 'em well!