Note that this is a counter-trend trade, and against the downward momentum. The main reason to support this trade is the sexy story that with a new man in charge the strongest economy in the world, the downward spiral of SSE has ended.
Wednesday, March 20, 2013
Preparing to long China ETF
Since my last post on 21 Feb, both the China ETF and Shanghai Stock Exchange has retraced to its 61.8 fibo level. If this week closes with a nice white candle, the idea is to look for opportunities to long next week.
Note that this is a counter-trend trade, and against the downward momentum. The main reason to support this trade is the sexy story that with a new man in charge the strongest economy in the world, the downward spiral of SSE has ended.
Note that this is a counter-trend trade, and against the downward momentum. The main reason to support this trade is the sexy story that with a new man in charge the strongest economy in the world, the downward spiral of SSE has ended.
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