tag:blogger.com,1999:blog-2335748440449035592.post475094289704913118..comments2008-12-12T18:58:44.908-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2335748440449035592.post-76932953445831758892008-12-12T18:58:00.000-05:002008-12-12T18:58:00.000-05:00Just came cross this... I'm sure you are aware that China is iffy, and that the FXI/FXP can be a nauseating roller coaster.... Enjoy the ride!! jegan <BR/><BR/>-------------------------------------<BR/>Chinese Officials Sound Alarm<BR/><BR/>Two Chinese officials are warning their country may be headed into a tailspin. According to Bloomberg, Li Yizhong, head of the Ministry of Industry and Information Technology, and Liu He, a senior economic policy official, said overcapacity exists in all industries. They're also of the mind that China, the world's fourth-largest economy, won’t bottom until the first quarter of next year.<BR/><BR/>Exports, imports and manufacturing activity dropped significantly last month, and should continue to do so before a stimulus package kicks in in the second quarter of 2009, He noted.<BR/><BR/>China’s economy has cooled for the last 5 quarters. The World Bank forecasts a 7.5% increase next year, the slowest in nearly 2 decades.<BR/><BR/>From the Bull Pen: Bulls can look to China Mobile (CHL) for a short-term tactical play. The stock broke its intermediate downtrend and is currently basing near $50 - a healthy sign. Sell stops can be set 2 points from entry.<BR/><BR/>From the Bear Cave: Bears might see a better opportunity if the China 25 ETF (FXI) can rally to near $37. This marks the 50% retracement from its intermediate downtrend. If and when.jeganhttp://www.blogger.com/profile/05850061548373752817noreply@blogger.com