Saturday 23 January 2010

JALSH - Breaks multi-month rising trend and leaves a false break higher


Quite a nice example of an emerging market that looks like it is set for a larger correction then we have seen of late. As can be seen in the chart above the JALSH has broken both the multi-month rising trend-line and in doing so has left a false break higher. This now warns of the possibility of sharp losses ahead. Similar to the indian stock market, most emerging markets are well overdue a big correction. Just another warning sign.....

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