Wednesday, March 28, 2007

EEM Testing Its 50 day Average



EEM is testing an important support level which also coincides with it's 50 day moving average. I'm going to use this level as a pivot point. A close below would be bearish and suggest a move down to the 107 level. On the other hand, a bullish reversal off this average would suggest a retest of at least last week's high.

3 comments:

Yaser Anwar said...

Hey K!

If you want to time emerging markets, here's how you do it. EEM plot it with its P/B value. Each time it hits 2 on PB, short it! and each time it hits 1 buy it! Superimpose this on a graph with EEM's chart, you'll see what I'm talking about.

Keep up your wicked work.

Kevin said...

Sounds interesting but I can't overlay the P/B value on the chart. Do you have access to a chart like that? I'd like to see it.

gurlate said...

what is P/B?
why do you prefer shorts (naked?) to puts?
thx

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