Behind the Curve

I just saw this article from the Technical Take in which they warn that FXI (China 25) and EEM (Emerging Markets) are showing signs of trouble. The article can be found here.

As you can see by the charts below, Wolf on Wall Street has been warning about both FXI and EEM for quite some time. Neither ETF has done anything bullish in 8 months, other then under going tops and distribution.

 EEM had an accumulation period in late 2008/early 2009, like many equities. The last year or so it's been under distribution.

FXI, here's the same accumulation and the 2011 distribution.