The trading diary of Paul J. Singh. I trade full-time and empower traders by making the complex simple. I can be contacted at SinghJD1@aol.com
Paul,I see 2 problems with this:- FXI is a derivative, so while demand for shares may increase in the U.S. this is not a reflection of how Chinese charts are actually doing , volume-wise- Do you look at macro-economics at all? Seems to me they will be hit hard during this recession.Of course, if your time horizon is a week for a swing trade, none of this is a concern.
Tradewell,I am looking at nothing more than the FXI chart.
I wouldn't short this at all. Look at that capitulation vol. Look at that RSI comming up. Look at the potential V bottom. May be later but not just yet
Post a Comment