Proshares Ultrashort FTSE China 25 (FXP) Update
This is a short fund-
Voime by Price shrinks significantly at present low level
BB(72,3) and BB(36,3) lower bands stick together
Oscillators ROC(5), %BB(20,9), MACD(6,7,1) shows some bullish divergence despite price gap down
Price now close to 2012 Feb low level
In Hong Kong context note the $HSCEI:$FAW ratio chart
--HSCEI vs the World Index--
The $HSCEI:$FAW ratio just pierces above BB(36,3) upper band,
The lowerbands of BB(36,3) n BB(72,3) stick together
MACD(6,7,1) and %BB(20,9) reach the 2012 Jan peak level
%BB(20,9) bends down a bit
Monday will be the first day of the 9th Chinese Lunar month in 2012
CHIX-Global X China Financials
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