Wednesday, September 26, 2007

FXI - Too Many Gaps Up?

(click for larger image)

I am starting to wonder how sustainable this run is.

Since last Thursday's close FXI is up nearly 7.5% in a mere 3 1/2 trading days. China stocks are literally on fire. Its like the dot com boom all over again.

So how long before FXI craters and becomes an excellent short? These gaps need to be filled, don't they?

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