Filtering by Tag: vwo

Emerging Markets Should Fall To New Lows

Added on by C. Maoxian.

You'll recall my post from the end of July titled, Emerging Markets Run About Done ... the price of VWO was around $37 at that time and went as high as $38.87 in September, so "about done" wasn't a bad call then. Here's my updated chart ... the target remains below $27 and price would have to rally above $39 to get me out of my several short entries. 

Click to enlarge

Emerging Markets Run About Done

Added on by C. Maoxian.

Here's my view of the Vanguard FTSE Emerging Markets ETF (ticker symbol: VWO). It has had a pretty good run off the January low and is approaching some target reversal zones. It could run all the way up to near $41 without invalidating the sacred idiot wave rules, but I'll be monitoring it closely in coming weeks for a reversal, and you should too!  

Click to enlarge, get a bigger monitor, dummy