Is it not obvious that without FRESH FIAT (I think I am going to change my user name to this) that these markets cannot go up? And there is no way for fresh fiat to reach the Chinese exchanges.
And if the markets don't go up (and we all should be fully prepared for the market to meander right on past the cross point of this multi-month wedge that everyone's talking about) then the markets are all SITTING DUCKS to bad news coming out of China - like an exchange(s) closing, etc.
Buying here is ridiculous. Shorting isn't a great idea either - although you can often borrow it for almost free, just in case.
The China bad news had been priced in. No more CNY into exchanges through bank deposit. Minor exchanges had closed. I can't think of any more China news worse than what we already knew, can you? If no more bad news, where will the price go?