China-Related Equity Indices Act Well...

In the aftermath of Friday's big up-gap open in reaction to news that the Chinese Central Bank lowered interest rates for the first time in over two years to stimulate economic growth, Morgan Stanley China A Share Fu (CAF) not only has preserved Friday's gains, in today's action so far, it has clawed its way above Friday's high, and is poised to challenge it prior rally high at 25.99 from 11/14/14.

A sustained climb above 26.00 should trigger upside continuation towards a test of the February, 2014, high area at 27.60/90 next. MJP 11/24/14

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