In other words, I expect waterfall type sell-off to occur were all the towels are thrown in and emerging markets become substantially cheap. Various currencies this year have been substantially devalued against the dollar, and once it all settles down, emerging markets will have outsize- long-term promise.
late feb to mid april seem like to prime candidates for when to buy emerging markets
Update: Support held for now on the channel and a might developing. I think this time the upside WILL break the upper resistance. Emerging markets are ready to play catch up. Brazil/Turkey my favorite for BIG BIG cheese. Indonesia and Vietnam looking good too, more charts to come.