vlad.adrian
Long

Emerging markets - Very bullish signals

AMEX:DEM   WISDOMTREE EMERGING MARKETS HIGH DIVIDEND FUND
92 2 2
Note that this chart is highly correlated with copper             and the Russian stock market . It is well correlated with the Chinese market , Brazilian market and AUDUSD             .

The weekly chart is very bullish
snapshot
. Chart stands at the most important area on the chart, the Force Index has been as oversold as it can get (now sits inside the KC), there is a slight bullish divergence and there are two bullish engulfing candles.

The daily chart speaks for itself. Bullish divergences everywhere, big volume effort with no reward. The impulse is already green.

I would say emerging markets are going to soar during the coming weeks. If these bullish signals fail (same signals in the Australian dollar             , Russia, copper             , Brazil) fail, all of the markets outlined are going to collapse.
05.12.2014
snapshot
closed out at the price on chart
Reply
JohnKeverich vlad.adrian
2 years ago
Russian companies are dragging DEM down. I would wait until RSX bottoms out.
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