China Alert...come true!

Forewarned is Forearmed

Only last week we drew readers' attention to the technical aspects of the parabolic rise in the Shanghai Index.
Today the Shanghai Index semi-crashed by 8.8%

Here's some relevant news items:

• China stocks sink 8.8 pct on crackdown fears Reuters - Tue Feb 27, 7:25 AM ET

  SHANGHAI (Reuters) - Chinese stocks plunged nearly 9 percent on Tuesday, erasing about $140 billion of value in their biggest fall for a decade, amid fears that authorities would crack down on speculation that drove shares to record highs.

• Stocks plunge after big decline in China AP -

  NEW YORK - Wall Street fell sharply Tuesday, joining a global stock decline sparked by growing concerns that the U.S. and Chinese economies are cooling and that U.S. stocks are about to embark on a major correction. The Dow Jones industrials dropped more than 180 points.

• Stocks sink on China, economic concerns Reuters - Tue Feb 27, 10:01 AM ET

  NEW YORK (Reuters) - Stocks tumbled on Tuesday after a weaker-than-expected economic report and a sharp fall in China's main stock index unnerved investors after two consecutive days of Wall Street losses.