The usual then – July 8, 2011 – and now charts;
This is not a well known ETF but it does represent the emerging markets well. If it is true that a banker is someone who will lend you money when the sun shines, but asks for back as soon as it might start to rain, then the emerging market countries are the real recipients of such policies. But it all takes a lot of time so this is nothing more than a roadmap. Even so it is a correct roadmap so far so, perhaps that will stay that way. At the time of writing it was not clear yet if the large B-wave would have two equal parts or parts that relate to each other by about 1 to 0.62. The latter proved to be the correct choice. We are in a large C wave which will unfold as a 5-wave affaire if history repeats. We are presently in wave 3 so things could get nasty fast. Stay away for a few more years.
See also EEM etf from May 12, 2012 and now;