Saturday, March 15, 2014

iShares China Large-Cap (FXI)


China large cap ETF (FXI) weekly chart
Long term pattern = Lower highs
Note those two clear "fake moves"
Heading lower to test that "last key support"
Target ? Do not look at that 2008 level, we might even go lower once we find out the "truth".

2 comments:

Anonymous said...

i'm following steel
DE on the construction side

http://stockcharts.com/def/servlet/SC.pnf?chart=$DJUSST,PRPADANRBR[PA][D][F1!3!1.0!!2!20]&pref=G

chaosunlimitedfinal said...

As always great insight ML. Thanks for sharing that.