I have stayed away from the Emerging markets for months, due to poor looking chart patterns. Now some interesting patterns are starting to “emerge!”
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The two most interesting patterns above are Thailand (THD) and India (EPI)!
Game Plan….Am looking to buy both of them on resistance breakouts!
You should remember though that these charts are somewhat inflected to the upside by recent dollar weakness… Foreign indexes then would always seem to rise more than they actually do.
10-10-10 Thanks for the strategy
Chris….EWZ looks good as you are point out…EPI appealed due to if the BRIC community does rally together, EPI could provide some nice relative strength.
Wondering why epi appeals more to you than ewz (Brazil)? Thanks.
Brazil also seems to have started a new rising channel.. maybe it’s time to invert the pair trade you mentionned a few weeks ago !
RSX is acting VERY WELL!!!