China Bear Run- FXP Signal June 29 2009

Markets especially in the China economy are starting to change. My Marketcycle360 TradeGroup

'China Bull/Bear' (FXI/FXP)triggered the short FXP June 29th 2009 at the closing price $11.95.

As of the trading week 7/10/2009 a gain of 8.7% in 12 days!

***update trade 7/13/2009 went to 13.13 on the closing..9.9% since trigger signal

***Notice on trades below it had the Run up in the China Index..up till end June 2009***

Below is the the most recent trades in this Bull/Bear TradeGroup ( FXP/FXI)

Click on image to make it clearer:

The ETF corner has the short commented as well

http://etfstocks.typepad.com/markets/2009/06/fxp-double-short-china-looking-good-.html As China continues to promote economic development and the prosperity of its economy and exchange traded funds (ETFs), could protectionism be emerging?
The nation has started to adopt policies that aimed at encouraging exports while curbing imports by expanding three programs to help exporters, states Keith Bradsher of The New York Times. The three programs include offering large tax rebates, more generous loans from state-owned banks to finance trade and more government paid travel to promote themselves at trade shows around the world.
In an effort to strengthen its own exporters, China has gone as far as to limit the amount of certain raw materials that can leave the country. To stir up even more controversy, provincial governments have cut back on their enforcement of counterfeiting laws other intellectual property protections, making imports less appealing because of higher costs than Chinese counterfeits. Lastly, China has halted the rise of the renminbi against the dollar by intervening heavily in currency markets, dumping billions in renminbi and buying dollars and other currencies.
On the one hand, these acts and policies can help ensure that China’s economy will continue to grow. On the other hand, it will increase global trade tensions at a time when more countries are resorting to administrative measures to restrict trade and the World Trade Organization has warned against protectionism. The European Union has already filed a complaint with the WTO accusing China of limiting exports such as zinc and bauxite, of which China is the world’s largest producer, to give an unfair advantage to Chinese manufacturers that use the materials.
iShares FTSE/Xinhua China 25 Index (FXI): up 30.9% year-to-date. MC360 got into this and just recently got into a short position.

Will keep you posted on the China Cycle !

Best