China is not participating in this "Dead Cat Bounce"

[PenAndPaper]

BTCE and Bitstamp reached their high yesterday while China was barely above 5000cny.

Not Btc-e. Only Bitstamp. And Mt.Gox is close today.

[btcprice]

Volume in China is still (as of now) higher than elsewhere. For what that is worth.

Non-Chinese exchanges had a bounce from the 400's. China is only up slightly from its low.

True however China's price in USD equivelent is still higher than any USD exchange (4200 CNY is ~$690 USD). 

What is interesting is the spread between exchanges has narrowed.
From the bottom China rose the least and Bitstamp rose the most.  The gap between all three exchanges is now smaller than at the peak.
Not sure what that means (if anything) but I thought it interesting.

Thanks for the input. You are correct.

Looks like the people of the Chin Dynasty are running up the price again. I am guessing we see an all-time high before midnight tonight Beijing time. It's now 4:22pm Beijing time.

all time Yuan or USD high or both?

Sorry for not elaborating. I was referring to USD.

Gox went up to 890 which is just 10 short of the ATH of 900.

[Pruden]

While slower, volume in China seems healthier, which gives me some comfort because the volume in USD exchanges seems quite lower than a week ago.

[aminorex]

The most obvious explanation for all of these observations is that arbitrageurs are beginning to be more effective.  As time has progressed, the monetary bandwidth between the exchanges has increased, and markets are converging.  Consolidated views of the markets are, therefore, increasingly important to traders.