Malaysia Is Parabolic

The Malaysian market is on fire! It's up 59 percent from last summer's lows. Looking at the above weekly chart you can see how parabolic this ETF is. Last Friday EWM formed a weekly doji on very heavy volume. It looks like a blow off top to me especially if it gaps down tomorrow leaving an island top. I'm not going to short this market, I'm just posting this chart here because it's definitely a market to watch or at least be aware of. This market can really move!