Shanghai A is doing its corrective thing....down 15% so far.
Most China watchers expect another 5% on the downside.
Shanghai correction is a local event.
Most Asian exchanges IGNORED 8% drop and closed HIGHER in Hong Kong,Phillipines,Australia................
Dow & Nasdaq are in their own BULL markets and will continue to do their OWN thing.
In pre-markets PALM,ONXX are doing well on news.
AAPL announces its official launch date of much anticipated iphone....third launch date given all within the month of june..........this is not marketing....it is boredom......news gets STALE if you repeat the same SPIN 3 different ways since Jan.
Futures are down 4 & 7......................
So today should be an ordinary day @ the office.
Good luck on today's trades.
BLOG does not give buy or sell.
Saleem
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