72 0
TRI notes indecision. EEM likes to flag and H&S prominent, now into the last 1/3 of tri , expect tell into measured move shortly. On deck, recent small H&S played to target confirming the triangle shape, sets-up into flag with target at 47 (if) triangle breaks up and break holds. With Fed action confirming, watch $dxy , stronger dollar past year has hurt emerging markets, so that weaker dollar, higher T-rates, EEM should outperform, which puts into play the inv H&S (not drawn except for dashed line showing right shoulder close to the -potential- upper triangle neckline); the Inv H&S target puts EEM over $50 into play. Flip side is triangle breaks lower, (say dollar stays strong and T-rates do not rise as expected (as in general market sell-off holding bond prices up) THEN the larger H&S comes into play w target $27.82. IMO EEM price is reflecting the uncertainty going into 2014.
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