Monday, September 15, 2014

Hey Josh, how's that emerging markets breakout working out for you?

Hey Josh!

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?

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