Emerging Markets dances near 5yrs lows, excluding the washout low of the U.S. downgrade in Aug-October 2011 by testing key support yet again.
The price action reinforces one of the great mantras in Emerging Market investing: "Don't chase, and you always get your price".
This market has given investors multiple times to trade the range and to avoid the panic bottom sell.
Are we at another one of those points?
Click chart to enlarge.