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EEM

Follow up on Emerging markets EEM: Reversal Week. Last Thursday I suggested that EEM may be about to fall but wait for sign of reversal. Friday's down action wiped out all the gains in EEM for the week producing a nice shooting star weekly candle. After a large rise this is often a sign of reversal. Some authors suggest that one way to trade this is to short with a stop on any close > than the high (in this case > 43.71.) Others might wait for the up trend line to be broken. Notice the price this week went just high enough to take out a weekly gap (those nasty gaps) but did not reach .78 retraction. So possibly there could be one more intra day shot at that level. ETFs: 2x bear EEV,, 3x bear EDZ. Disclaimer: This is not a recommendation to trade but hopefully will be helpful in the way you choose to trade. Take care. Goodguy
AMEX:EEMShort
by goodguy
EEM About to fall?? Short term the emerging markets are on a tear up. But from a longer perspective they are in a downtrend.. IF IF IF this count is correct then we may be ready for a fast and furious fall. You may want to watch the action in the next few days to see if it looks like at least a short term reversal. 3x bear etf is EDZ Warning;: this index can be very volatile so wear your seat belt. Take care. Have a great spring weekend ahead. Goodguy. Sorry repeated this post. I didn't think the first posting uploaded.
AMEX:EEMShort
by goodguy
EEM / SPY - update and deductions from timwest's ideasSome time after the original chart was posted by timwest: CCI shows a diveregence now with this pair, and, although a gut feeling - something tells me that chances are we may see a trend change in future, and EEM will outperform the US market. Another thing to add to this is also timwest's chart (one can never praise this chartist enough on the site) - the discrepancy and distance between EEM and SPY became so large, it feels as it has to narrow down. But it is only up to "you, the reader" to decide what he feels may happen - On one side you have US markets with a huge run over 2013 and 2014, where we've been expecting a drop that never happens - On the other, EEM that has been going lower and recently turned up a bit. (one can note some run-ups of such countries as Korea, Thailand, India, Brazil, Turkey and even Japan sits on the verge of braking up). So again 2 scenarios - 1) EEM breaks lower, Spy remains in tact or goes higher 2) EEM breaks up, and SPy gets its sell-off and correction. If this idea - - holds by years end, and so far it does - then scenario 2 is quite probable. But first this pair needs to overcome the 23 resistance level. Must quote today's comment from Tim "We are nearing the end of the end of the end of all of the positive forces holding up the market." And my deductions agree fully with him on " I think the trade will be "out of developed markets" and into "emerging markets" for the next year" I must include timwest's ideas that altogether will show which scenario i am leaning to and i urge you to read his comment-update on the forecast chart PS - dear Tim. Never think that your charts are useless - i try not to post much and distract you from doing research, but if you wish i would leave notes on charts i think are good ideas (on top of the stars and thumbs up). This chart and idea is wholly made from your ideas - but added a whole deal of confidence to my feelings of the market.
AMEX:EEMLong
by A-shot
10