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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Wednesday, November 24, 2010

台灣 long term pennant?

if it's truely a LT pennant, after breaking out, target would be nearly 20000. currently it's at 8300. that would be more than double of current price. the big question is if it's truely a pennant.
Taiwan is a very nice place, people are intellegent and working diligently, and with excellent culture, an independent nice country since Y1949.

Taiwan remained in the world's top four in terms of its amount of foreign exchange reserves.
http://www.taipeitimes.com/News/biz/archives/2010/04/03/2003469658
comparably, Hong Kong, a much small island, $HSI has tripled since broke out the pennant formation.

Taiwan iShare: EWT.
not a recommendation, entertainment only.