Technically Speaking: FXI: Targets for the near term

Technically Speaking

by Bradley J. Fluetsch, CFA

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Bradley J Fluetsch, CFA
Fluetsch Financial Services, LLC 5730 North Douglas Hwy #B Juneau, AK 99801 (907)523-1029 www.fluetschfinancialservices.com brad@fluetschfinancialservices.com *************************************** I was first exposed to the markets in high school when my math class received the school districts first Apple IIE's (1981). I tracked and charted timber futures and Eastern Airlines stock price. I have been observing and speculating on the markets ever since. I graduated from Washington State University with a BA in Business Administration and minor in Economics (1986). In 1991 I decided to make investing my profession and started the Chartered Financial Analyst program that year and earned the right to use the CFA designation in 1996. In 2004 I had a brief exposure to the brokerage industry and was required to get my licenses NASD Series 7, 66; which I did. In 2005 I started Fluetsch Financial Services, LLC because it was the only way I could provide the kind of service that I could be proud of and stand behind.
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Technically Speaking: FXI: Targets for the near term

FXI: Targets for the near term

So I ran this chart and think it gives some insight as to where FXI is going to trade.

The first test is $36 and I have no confidence it will hold.
The second test is $32 and have some hope but way more doubt.
I expect to test the $24-$26 as the most likely scenario.

I just do not see a break below $22, if it does, bet the farm on a rebound.

Posted by Bradley Fluetsch at 8/31/2009 1:08 PM

Categories: Speculation
Tags: fall stock FXI investment equity index short emerging market China decline sell

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Bradley J Fluetsch, CFA

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