SHORT Emerging Markets EEM
#1
Posted 11 April 2007 - 08:22 PM
#3
Posted 11 April 2007 - 08:56 PM
Broadening top.
http://stockcharts.c...1588&r=1133.png
Nice work.
"Technically speaking, a broadening top is a rally to a new high, weakness to an intermediate support level, a second rally to a higher high on increased volume and decline through the intermediate support level, a third rally to a higher high on strong volume followed by a eventual collapse."
http://www.baresearc...adening_top.php
#4
Posted 11 April 2007 - 08:59 PM
#5
Posted 11 April 2007 - 09:13 PM
Great example...with volume confirmation...good job!Broadening top.
$SSEC; FXI (you could also try CHN).what's the symbol for shanghei index? yahoo symbol? and does china have an I share?
Fib
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#6
Posted 11 April 2007 - 09:20 PM
what's the symbol for shanghei index? yahoo symbol? and does china have an I share?
http://finance.yahoo...p;c=fxi pgj gxc
#7
Posted 11 April 2007 - 09:54 PM
#8
Posted 11 April 2007 - 09:58 PM
thanks guys, yahoo quote is what I needed. I can remember when everyone thought the Nikkei would never come down. It was different that time. A new animal, a new breed of economy and market. 17 years later after 1989 top it still hasn't recovered. The Shanghei has more than tripled in less than 2 years. Crash waiting to happen just a matter of when. Looks like were are at or near the end of the parabola. watch out below when this baby breaks.
And doubled since August 06. Go figure.
SHoeshine boys must be rich.
#9
Posted 11 April 2007 - 10:20 PM
http://www.zimbio.co...Veyron Crashing