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China Stock Market ETF Heading Higher

Stock-Markets / Chinese Stock Market Sep 25, 2008 - 11:26 AM GMT

By: Mike_Paulenoff

As long as the recent pullback low at 35.58 remains intact and a viable near-term price floor, the overall pattern in the iShares China ETF (AMEX: FXI) off of the 9/17 low at 30.25 argues in favor of a revisit of last Friday's high area of 39.00-40.00.

Sign up for a free 15-day trial to Mike's ETF Trading Diary today.

By Mike Paulenoff

Mike Paulenoff is author of the MPTrader.com (www.mptrader.com) , a real-time diary of Mike Paulenoff's trading ideas and technical chart analysis of Exchange Traded Funds (ETFs) that track equity indices, metals, energy commodities, currencies, Treasuries, and other markets. It is for traders with a 3-30 day time horizon, who use the service for guidance on both specific trades as well as general market direction

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