Very interesting chart: with recent meltdown in DOW DIA, S&P SPY and Nasdaq QQQQ and new lower lows Chinese ETF FXI managed to make a higher low and formed strong reversal pattern with Buy not violated on PPO as in a more cautious case in Dow. Next week will be crucial whether FXI can overtake resistance of MA50.Saturday, November 22, 2008
Is China Market finally thinking for itself? FXI
Very interesting chart: with recent meltdown in DOW DIA, S&P SPY and Nasdaq QQQQ and new lower lows Chinese ETF FXI managed to make a higher low and formed strong reversal pattern with Buy not violated on PPO as in a more cautious case in Dow. Next week will be crucial whether FXI can overtake resistance of MA50.
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