Ten ETFs Bought Long
There's no better way to reinforce the strategies presented here than with examples of actual trades made using real capital.
The trade examples in this chapter are from the years 2005 to 2007 and are a mix of winning and losing exchange-traded fund trades. I believe both have educational value. Although prices may vary over the years, the basic concepts of technical analysis—and chart patterns that work—remain the same.
Breakout to a New High
One of the hottest ETFs in the stock market in 2006 and 2007, the iShares Xinhua China 25 Fund (FXI) began its tremendous rally in 2005. Looking for short-to inter-mediate-term trades with a hold time of two to three weeks, I caught a significant piece of the first breakout ...