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iShares China Large-Cap Message Board

  • zk2013 zk2013 Sep 10, 2012 11:27 AM Flag

    The Bullish turning point on sept7.

    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.

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