This post analyses iShares MSCI Emerging markets ETF and iShares MSCI Australia ETF. The probable count shows the possibility that the down trend that started from May 2011 for EEM and April 2010 for EWA may be nearing completion. Of the two ETF's EEM is showing clearer counts. EWA may still be in wave iii, and may have another leg down as an alternate count. However the probability of a change in trend calls for caution with shorts.
EEM
EWA
No comments:
Post a Comment