China’s Chart Give’s a Clear Answer The FXI weekly chart is quite illuminating and a good example of the importance of volume. What does the current volume pattern tell us? Compare to the previous volume patterns during the top and bear run, and the answer is clear . . . Share this:TwitterFacebookLike this:Like Loading... 3 thoughts on “China’s Chart Give’s a Clear Answer” Add yours 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. LikeLike Reply Tradewell,I am looking at nothing more than the FXI chart. LikeLike Reply 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 LikeLike Reply Leave a Reply Cancel reply Enter your comment here... Fill in your details below or click an icon to log in: Email (required) (Address never made public) Name (required) Website You are commenting using your WordPress.com account. ( Log Out / Change ) You are commenting using your Google account. ( Log Out / Change ) You are commenting using your Twitter account. ( Log Out / Change ) You are commenting using your Facebook account. ( Log Out / Change ) Cancel Connecting to %s Notify me of new comments via email.