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wow_happens28

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wow_happens28

Re: xero90 post# 19

Saturday, 02/05/2011 8:51:51 AM

Saturday, February 05, 2011 8:51:51 AM

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xero--I have been thinking a bit like Biggs. I see so much bearishness about China that I wonder if all the bad is factored in. CNBC has been hammering away at Chinese and Asian stocks in general and CNBC is often the best contrary indicator around. I don't trust individual Chionese stocks and favor PGJ to buy Chinese. Instead though, I like PIE and EWX that are both like third world ETF's for growing third world stocks, like a third world NASDAQ.

PGJ, connect the tops from last November to January and now and that declining resistance line is near. If it breaks it a nice rally could happen.

http://stockcharts.com/h-sc/ui?s=PGJ&p=D&yr=1&mn=3&dy=0&id=p09941779900

PIE and EWX, I don't have much chart help yet.
http://stockcharts.com/h-sc/ui?s=PIE&p=D&yr=1&mn=3&dy=0&id=p88988267559

http://stockcharts.com/h-sc/ui?s=EWX&p=D&yr=1&mn=3&dy=0&id=p44145081151
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