FXI will have another major leg down before the Chinese bubble is done going down! After that I will become very bullish on China for the long term, but that will probably not happen before end of 2009 beginning 2010.
In the short run ,I imagined two possible scenarios on the chart below with respect to FXI and FXP. While I am confident that the next major move in down for FXI and up for FXP, I am less confident on whether that will happen now or in late January early February. I will shut up and let the charts speak !
