FXI is breaking in the wrong direction for China bulls. NFTRH has had this chart on radar for the last several weeks as it consolidated above support and beneath resistance. I was hoping for an early clue on broad asset markets. Not to be; FXI is making its move in unison with everything else.
Regardless, in the best case now it is time to begin the process of the running of the herds; get some fear whipped up... take your partner by the hand, swing to the left do-si-do... wash, rinse, repeat... let the mis-perceptions game begin!
I hope that is what is happening because it is the enviro that will allow rational players to position for what's next. Ben?... you watching? It will be interesting to see if the T bond yield holds its potential bottom pattern, or breaks down completely. Mr. Prechter, please report to the CNBC Green Room.
http://www.biiwii.blogspot.com
http://www.biiwii.com
http://www.biiwii.com/NFTRH/subcribe.htm
Regardless, in the best case now it is time to begin the process of the running of the herds; get some fear whipped up... take your partner by the hand, swing to the left do-si-do... wash, rinse, repeat... let the mis-perceptions game begin!
I hope that is what is happening because it is the enviro that will allow rational players to position for what's next. Ben?... you watching? It will be interesting to see if the T bond yield holds its potential bottom pattern, or breaks down completely. Mr. Prechter, please report to the CNBC Green Room.
http://www.biiwii.blogspot.com
http://www.biiwii.com
http://www.biiwii.com/NFTRH/subcribe.htm
No comments:
Post a Comment