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.
Posts
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
3 comments:
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.
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.
what is P/B?
why do you prefer shorts (naked?) to puts?
thx
Post a Comment