Emerging markets “starting to emerge?”

Posted by Chris Kimble on 03/08/2011 at 10:36 am; This entry is filed under Emerging Markets, India, Thailand.
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I have stayed away from the Emerging markets for months, due to poor looking chart patterns. Now some interesting patterns are starting to "emerge!"

CLICK ON CHART TO ENLARGE

The two most interesting patterns above are Thailand (THD) and India (EPI)! 

Game Plan....Am looking to buy both of them on resistance breakouts!

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7 Comments

  1. russia-igor March 8th, 2011 at 10:52 am

    EEM RUSSIA?

  2. Chris Kimble March 8th, 2011 at 11:19 am

    RSX is acting VERY WELL!!!

  3. belsha March 8th, 2011 at 11:35 am

    Brazil also seems to have started a new rising channel.. maybe it’s time to invert the pair trade you mentionned a few weeks ago !

  4. Chris U March 8th, 2011 at 11:51 am

    Wondering why epi appeals more to you than ewz (Brazil)? Thanks.

  5. Chris Kimble March 8th, 2011 at 11:53 am

    Chris….EWZ looks good as you are point out…EPI appealed due to if the BRIC community does rally together, EPI could provide some nice relative strength.

  6. russia-igor March 8th, 2011 at 12:48 pm

    10-10-10 Thanks for the strategy

  7. belsha March 9th, 2011 at 3:08 am

    You should remember though that these charts are somewhat inflected to the upside by recent dollar weakness… Foreign indexes then would always seem to rise more than they actually do.