Astatine
Long

EEM party getting started - but don't fall in love with it yet

AMEX:EEM   ISHARES TRUST MSCI EMERGING MARKETS FUND
Looks like our next door heart breaker is going to up his game into the next month or so. EEM setting up for a dramatic spike up into the box, to make everyone fall in love with it again, only to pull the rug to retest the former lows.

This particular advance I expect in the next few days, I think will happen quickly. After that, there will likely be a heart breaking collapse when everyone would have been looking for a 3 of 3 EWT advance to the upside. After that, we will likely have a more sustainable long term trend up

Of course we need to keep the EM bear possibility at the back of our minds as well. Therefore even more improtant to exercise good risk management.
Comment: fractal view - the weekly can be seen in the daily
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