Chart Of The Week: Asia Bottoming?

11/08/08 08:04AM EST
We have been the bulls in the China shop since the October lows. We understand where consensus is, since the bears are using our 9 month old thesis. Does the Street understand that these 3 Asian indices are bottoming (see chart)?

We are long China via the Chinese etf (FXI). It was +12.8% on Friday, putting it +32% from the October 27, 2008 low. Bottoms are processes, not points - and this one is in motion.
KM
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