In the past 18 months,China’s stock market staged a soul-stirring and exciting drama.The ups and downs of the index seemed to be the only important number in people’s life.From an eight-year low of 998.22 points in mid 2005,China’s stock market has been on a bullish run to the point where the bench- mark Shanghai Composite Index at one point topped the 6,000 point barrier. After peaking at 6,092.06 points on October 16th,2007,it seems China’s stock market has passed a crossroad and has since been on a downward trend. In the past 18 months, China’s stock market staged a soul-stirring and exciting drama.The ups and downs of the index seemed to be the only important number in people’s life. Flood an eight-year low of 998.22 points in mid 2005, China’s stock market has been on a bullish run to the point where the bench- mark Shanghai Composite Index at one point topped the 6,000 point barrier. After peaking at 6,092.06 points on October 16th, 2007, it seems China’s stock market has passed a crossroad and has since been on a downward trend