iShares FTSE Xinhua China 25 Index Fund (FXI)

[thetechtrader]

Mike Paulenoff tells subscribers: The technical set-up in the FXI coupled with the very constructive intermediate term chart pattern in the Shanghai Composite argue strongly that the China equity index is on the verge of pivoting to the upside into another powerful upleg off of its July low.

Chartwork on both Shanghai Composite and FXI at http://www.mptrader.com/middayminute/12/2010/7/