The World Is Ready To Break Out!
This is Vanguard Fund Group’s Sector Fund that follows the whole world markets’ trends and situations. Excepting, and this is one HUGE exception, the United States. This fund was formed in 2008 in the midst of the sub-prime fiasco in an attempt to gain investors who sought less affected areas of the world as a general investment. This proved wrong because, as we know, the depression became world wide and Vanguard investors lost about the same as, say, an investor in the Futures Contracts on the S&P 500.
This Fund is now in a long term sideways (resting) pattern called a symmetric triangle. It is shown on the weekly chart below. It seems ready to break out and will probably do so within the next 2 weeks or so. The profit potential at breakout is about 35%. Follow the Chart on a daily basis with the triangular lines drawn upon the weekly chart, and AFTER a break is confirmed, only then buy long if it is breaking upwards, or sell short if it is breaking in a downwards direction. These is generally a pattern with a high percentage of breakouts being fulfilled.
This is the way the Chart looks:
