BIDU is a huge bellwether of China. It has collapsed to a new low, indicating that the economy of China may be worse off than the official reports claim. This new low created a temporary bounce due to a severely steep selling trendline pattern.

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baidubellwetherBIDUbounceCandlestick AnalysisChart PatternschinaeconomyLOWnewlowTrend Analysistrendlinepattern

Martha Stokes, CMT
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