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China ETF Heading Higher

China ETF Heading Higher
By Mike Paulenoff, www.MPTrader.com

As long as the recent pullback low at 35.58 remains intact and a viable near-term price floor, the overall pattern in the iShares China ETF (AMEX: FXI) off of the 9/17 low at 30.25 argues in favor of a revisit of last Friday's high area of 39.00-40.00.

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