FXI is the 25 largest China listed companies with ADR’s on the US exchanges.

Weekly –  consoldiating after meeting the 45.05 target late 2009.
in between a 33.43 short entry price, or a 42.88 long entry price.

Daily – have traded up out of the downward channel. up to a 42.12 target from the 40.02 entry price.
consolidating here.
40.45 starts a new move down.  a trade thru the recent 42.55 high starts a new move up.

The DowJones Shanghai Index shows a different picture.  the Index is in a downtrend at 330.
Weekly – a recent trade below 295.54 has triggered a short entry to 190.57. But strong upward pressures of trade and time are present.
Daily – in a move up from 307 to a target at 332.  the trade pressures are extended up and a move down thru 306 will restart the down move to 279.