goodguy

Short term follow up on EEM: May get a bounce here.

AMEX:EEM   ISHARES MSCI EMERGING INDEX FUND
EEM             has dropped nicely since my post 7 days ago. Personally I am covering my short position temporarily which usually means EEM             will now drop like a rock. But I noticed there is now a potential positive reversal on the 2 hour chart which sometimes leads to a nice bounce. If price drops below 42.45 then the reversal will be cancelled. If short you may want to keep an eye on the down trend line . Take care. Enjoy the day.
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