Monday, September 15, 2014
Hey Josh, how's that emerging markets breakout working out for you?
Just a couple weeks ago you were crowing about that exciting breakout in the emerging markets.
How's that working out for you? Is it still a breakout?
It looks rather more like a rush for the exits to me. A failed breakout, with strong selling volume, a horizontal SMA about to be crossed to the downside by a descending short EMA, price running away from the SMA and -3SD below the mean, an imminent lower low in the daily candles....
But what do I know, eh?