Chinese market bottomed

[KenL]

The FXI has broken above the downtrend line. http://www3.stockfetcher.com/sfchart/1916088620.png

Is it safe to go long here or wait for additional confirmation signal?

 

[cmdtytrdr]

Quote from KenL:

The FXI has broken above the downtrend line. http://www3.stockfetcher.com/sfchart/1916088620.png

Is it safe to go long here or wait for additional confirmation signal?

im long fxi - its up 20% in about ten days. move has been insane. id buy it here but only if youre ready to hold it for 1-2 years, and can withstand a 25% downward move from here

 

[HedgefundTrader2]

Quote from KenL:

The FXI has broken above the downtrend line. http://www3.stockfetcher.com/sfchart/1916088620.png

Is it safe to go long here or wait for additional confirmation signal?

Everything has bottomed here. We are turning a corner. Nothing is safe. Start buying with stops in place.

 

[tradestrong]

Quote from KenL:

The FXI has broken above the downtrend line. http://www3.stockfetcher.com/sfchart/1916088620.png

Is it safe to go long here or wait for additional confirmation signal?

"Contrarily" I think FXP is a great buy right here.

 

[MajorUrsa]

As long as people here are saying it has bottomed it hasn't.