FXI closed at 195.74 yesterday, well above the pivot point. Hang Seng markets closed green so we should be good to go in FXI, thus indicating a green day for the markets today.

I received a PM regarding FXI and FXP's performance. I believe if we can post a gain today on FXI, we're on our way to $210-220 in 2-4 weeks, which would calculate out for FXP to be roughly ~$50-55. Notice the odd looking inverted head and shoulders formation formed, even though its not perfect, it's a great bullish indicator..looks like the exact same one on JASO before its huge run a few weeks ago.

If indeed this is a turnaround, lots and lots of chinese stocks to trade and buy in again, I bought some CNEH and JRJC yesterday looking for a nice move up over the next few days. Ask chinaman711 in the chatroom for more chinese picks, he's the specialist. :wink:

By the way, let's have some more people take part in the monthly sim! It's good practice for those not able to daytrade and wishing to do so. You'll might be put off by the 20min delay on trades but it turns out well in the end.