China Moving Higher
The Shanghai index continues to move higher and now FXI is beginning to catch up. FXI is now above its gap which means I'm not looking to short this ETF anymore because technically it's not as weak as it was last week. If you recall I was looking to short FXI if it could trade below 102 which it never did so no trade was taken.
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2 comments:
K-
Check this out
http://panzner.typepad.com/photos/uncategorized/2007/04/04/chinanasdaq_2.jpg
That's a very interesting chart. Thanks for letting me know about it..
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