It's going to be interesting to see how today goes. Last time the indes was dow this much, mchfx was up .20. Can anyone explain this. Hopefully this will happen again.
i thought like you did that uym would be down, after seeing the news abroad and the pre market for UYM.. Then it went up rather spontaneously. This market is running on something but it is not going to last before a larger pullback although UYM did touch 21.67 today.
The overall market I am really seeing is manipulated big time. For instance Merrill Lynch says that China will snap back right away. .
They really want to get in on shorting China, hope to drive it up so they can profit at a good entry on a short. I'm betting for the time being and holding through Monday. If I don't get completely eaten alive, that'll be good. If I get killed I'll quit trading and buy a mutual fund close my td ameritrade account so I can never trade again.
FXP will be up huge today, wed. glad i bought in.. Problem thogh it does cancel out any profits in UYM. UYM will be down pretty good today, imo. China officially entered a bear market last night according to Google finance news, with Shanghai down today 4.3%