Emerging Markets Pullback

11/06/2008 9:47 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

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The US and overseas markets corrected sharply after the election. Many of the overseas markets had made sharp gains, with EEM's low last week at $19.16 before closing at $27.63 Tuesday. The highest volume was on the upside, which is positive. The extent of the pullback will be important, with next support at $22.

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