FXI is/was in a longterm bear market, correcting the 2004-2007 maniac rally, which quadrupled the prices (from $16 to $75) in the 2007-2012 period. The exponential rally mania lasted 3 year, 36 months.
In the period 2007-2012 the correction of this mania lasted 5 years, (59 months) by now.
In this period the market corrected in a classic, beautiful A-B-C sequence, The Chande oscillator fell to -63, exceptionally low level for any index in the last 10 years.
If you look at the chart, you might come to conclude, that:
-the correction looks to complete
-the prices could not break below the 2011 sept. bottom since 12 months now, the move is basically sideways, with a higher low last week
-the chart forms a classic double bottom on dates 2011sept and 2012sept.
-FXI price broke up with heavy volume last Friday, looks like a strong impulse, and in 2 days regained the persistent fall of the last 2 weeks.
Most probably the long bear in FXI is over, or almost over.
Expext a very nice longterm rally, lasting probably 5-7 years, and expect to rally 4-7 times, from the current price $33 up to close to $200.
Jump in, buy at the lowest price in 3 years.
Just like you should have at the bottom price of the 2006 year,
and hold your positition with strong hand, for 5 years.
Very much probable, that you will be rewarded nicely.
China begins its long journey to consumer society now.
lol, dont know which chart you are looking at. hao, shanghai, fxi, not indicator show change of trend. looking at fxi weekly psar is pushing the price. and why is my firefox clocking 200mb with only one tab opened? and keyboard response is damn slow when i am using quad-core machine lol .