Share this on:
 E-mail
59
VIEWS
0
COMMENTS
 
SHARES
About this iReport
  • Not vetted for CNN

  • Click to view ronjaenisch's profile
    Posted January 27, 2014 by
    ronjaenisch

    More from ronjaenisch

    Will China Cause a Stock Market Crash?

     
    The Chinese government has announced that there will be no money transfers during the long New Year celebration that starts at the end of January. As a result those that need to make those transactions are doing it now.

    Some are wondering how this will impact the stock market. During the past few weeks the markets have been a waterfall pattern after they broke below the first red line. If they now break below the next red line they are in what is considered to be a danger zone.

    The result of this would most likely result in a move to the next target line which is considerably lower.

    The action of the government of China appear to be an accelerator to make prices go to the next Babson Line.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story