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Wednesday, August 22, 2012
China Target Still Open?
A target was set for the China 25 ETF back in NFTRH194 on July 1, pending a break upward from the consolidation at support around 32. FXI obediently did so and then steamed up to the EMA 200, where it found very predictable resistance. Now it must hold 34 for the bull case to continue.