I have been in and out of FXP, which is the triple lindy inverse China ETF ,and am back in the last few days.

I really believe in my gut that we popped the bubble of bubbles and until we see some amazing strength will keep probing the short side.

This is an interesting article on small investors in China .

The small guy has been caught like a deer in the headlight. They wont just carelessly rush back in on the next bout of strength.

It’s called overhead resistance or in common terms, the ‘get me out even’ – please translate for me if you can.

Disclosure – Long FXP (short China)