CSI 300 rises another 50%, Jeff deGraaf is bullish

　　Shanghai and Shenzhen rose 35% in 10 days. Despite a slight decline, market Wall Street veteran Jeff deGraaf is still optimistic about the rising prospects of China's A-shares, predicting an increase of more than 50%. Investors who have sold a large-scale China Stock hedge fund will regret it.

　　Image source: Picture Elf

Perfect rising signal

　　As of the 2015 Institutional Investor annual survey, Jeff DeGraaf has topped the list of technical analysts for 11 consecutive years. He has over 30 years of rich investment experience and has served as a senior executive at Lehman Brothers and Merrill Lynch. “Doubts, valuations, excitement, momentum, and trend changes,” these factors are all present, and Jeff DeGraff said that he has never seen such a long-term bull market with such angels and people.

　　“The market drives policy, just as policy drives the market.” Jeff DeGraff predicts that the CSI 300 Index will rise by more than 50% and will reach 6,000 points in the next 12 months. Jeff DeGraff is bullish on the stock market based on a series of incremental policies launched by China.

The coming ‘whatever it takes’ moment

　　After National Day, the CSI 300 Index plunged 7.1% on Wednesday, although it rose 1% on Thursday. Conservative investors are worried that market enthusiasm is gradually cooling down.

　　De Graaf feels China's policy response is one of self-protection, a reaction to weakness, and that it could be China's version of the 'whatever it takes' moment that European Central Bank President Mario Draghi has mentioned.

　　Whether new policies will be introduced at the Ministry of Finances press conference on Saturday has attracted much attention. DeGraaf also downplayed potential risks to Chinese stocks from the upcoming U.S. presidential election. DeGraaf believes the election is an irrelevant show for the market.