compared to the western numbers we've seen in the corporate and macroeconomic level, which makes it grayer for me to look at the chinese market to say that's a clear buy. buying into dips in a very simplified approach in most indises will be for the next six to nine markets. would i buy the chinese market here? no, because i don't understand enough about it anyway. but i don't think i would be buying at this stretch level. >> richard, you think that the trend is your friend right now. a lot of folks are foreseeing some of the rally losing steam as we go into the beginning of next year. do you have a strategy in mind in terms of going with the trend?d? i know it's the perfect timing. if you could time it perfectly, how would you do it at this point? >> for seasonal factors, into august and the summer holiday season. volumes have been low even across july across the board. nevertheless, we're still up here. the operate action is the most important thing taken at the moment. if we are correct in our assumptions we're going through a trend reversal, like any major trend in the past 50, 60, 70