Monday, April 7, 2014
Is China an EM? Cos these charts say that people aren't buying China.
Some China charts:
The China 25 got bid up on sector rotation or whatever; now they seem to have stalled.
Which way do they go next? Can we find any clues?
Well, China all-cap looks like it's rolling over. And that's bad.
And holy crap, China Tech has taken a big nosedive since early March. This is a H&S with heavy right-side volume, targeting $28. Jim O'Neill, I am ashamed of you.
So if China is an EM, why are people selling it? Aren't people supposed to be buying the EMs right now?