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China (Mainland) Equity Markets Keep on Truckin'


This morning's upmove in Morgan Stanley China A Share Fu (CAF) propelled it to a high of 32.50, last seen in Dec 2009.

My near, intermediate, and longer-term pattern and momentum work point still-higher, towards a target zone of 34.50 to 35.80.

Be that as it may, I am raising protective stops on my 50% long position to 30.87 intraday-- above my entry price of 30.50.

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