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EFA Big Picture View
Believe there's a significant opportunity this week with EFA, albeit with significant risk.
I'm betting a triple bottom pattern is unfolding. The negative volume trend isn't confirming the price trend and there are tons of positive divergences between the price trend and price/volume indicators as I've annotated on the below chart.
I'm not of the camp we fall out of bed unless all hell breaks loose in the Middle East. Otherwise, I'm seeing significant opportunity to pick up on some of the best firms outside of the US. If you are underweight the EFA, time to get on board (I hope).
Thanks for starting this board...
I follow EFA as well because it's my only non US equity play for my Government retirement plan called the Thrift Savings Plan. Right now, I'm negative on EFA as it appears EFA is going to test its recent swing lows as it bounced off the 21-day resistance MA inside the daily Bollinger Bands.
EFA_DAILY
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Followers
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4
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Posters
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Posts (Today)
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0
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Posts (Total)
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23
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Created
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01/02/08
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Type
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Free
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