Seeking Alpha

Gary Tanashian's  Instablog

Gary Tanashian
Send Message
Gary Tanashian is proprietor of Biiwii.com. Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' (http://biiwii.com/wordpress/about-nftrh/). Complimentary analysis and commentary is available at the public... More
My company:
Biiwii.com's Notes From the Rabbit Hole
My blog:
Notes From the Rabbit Hole
  • FXI Still Indicating Bearish Things 0 comments
    Jan 21, 2010 1:24 PM | about stocks: FXI, FXP, DIA, SPY, QQQ
    As this topping pattern has persisted, I have continued to exercise the most patience I ever have with a short position. Look at the beautiful series of lower highs and lower lows.



    I had no sooner published an article stating bearish technicals on this pig when FXI exploded higher on Tuesday on whatever the hype du jour was. Now, all is right with the world. Oh, and it seems as though another pig is getting in line with the message as well.

    Yes, all is right as of noon today at least. Markets are shaking off the dullness of Hope '09 come Full Hubris '10.


    Disclosure: I own FXP
    Themes: china, stock market Stocks: FXI, FXP, DIA, SPY, QQQ
Back To Gary Tanashian's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.