Monday, April 26, 2010

China setting up for long-term rally?

  • I noticed a huge head & shoulders pattern today when looking at a long-term weekly chart of the China ETF FXI.
  • This could be huge, with a price target north of the highs in 2008.
  • Maybe we haven't even seen the beginning of the China bubble?
  • There could be some money to be made if this happens to breakout. Keep it on your watch list.
China ETF (FXI)

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