tag:blogger.com,1999:blog-4363707944748952823.post8329389447629708038..comments2024-03-28T19:43:47.388+01:00Comments on practical technical analysis: UpdateKrasihttp://www.blogger.com/profile/07425885123775585052noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4363707944748952823.post-43608322941990650322015-08-25T05:16:10.239+02:002015-08-25T05:16:10.239+02:00EEM - my long term view was another leg lower with...EEM - my long term view was another leg lower with the same size like the move from 2011 after the sideway move until 09.2014. It is playing out target around ~29. It looks like a synchronized bottom with the major indexes.<br />FXI - last time I wrote I would not touch it because of the bubble move in China. SSEC has one leg lower now the second lower is running. I would wait for SSEC 2750 and FXI 30 before to think about longs/taking profits on shorts.<br />USO - I am tracking oil and this move lower is no surprise if you have read the post "Long term". Now timing the bottom is difficult. It looks like relentless move lower... probably wave 3. It is difficult to call targets for USO it is just moving lower no pullbacks. I would wait for a bounce higher and lower low with divergence or higher low waves 4 and 5. But OIL/USO should be close to an important bottom - divergences on the weekly charts,EW the end of the move lower since 2013, 3 years cycle low.Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-66827699316726377032015-08-25T04:12:03.495+02:002015-08-25T04:12:03.495+02:00Krasi, can you give an opinion on FXI and EEM? Any...Krasi, can you give an opinion on FXI and EEM? Any bottom in sight yet? How about USO? Thanks.Anonymousnoreply@blogger.com