Agreed.
I'm just one of these little day traders trying to figure out WTF is going on, and what news might come out regarding Chinese exchanges (and accordingly what weight people will give it).
In the short term, I agree that there is selling pressure. I can see why you might be agitated by my comments. You are short term. I'm not.
You are worried about day to day or even hourly moves. I'm more like the next few weeks or months.
BTW, I have never come across a really wealthy day trader. The guys that are rich are insiders, macro guys, the buy and hold guys and hedge fund guys. Don't get me wrong, some day traders do well, but on the whole they survive. They aren't really wealthy. This is just my observation generally and is the reason why I chose not to day trade.