Shanghai Index Double Top

It certainly appears that the Shanghai Index has formed a traditional double top. The first top being the peak, and the second top being an unsuccessful attempt to drive beyond the original peak. The index is now down 13% from its height and appears to be diving through the support level.

http://finance.yahoo.com/q/bc?s=000001.SS&t=6m&l=off&z=m&q=l&c

Not a compelling technical picture for any bulls touting the Chinese market. I expect the situation will only go downhill from here.