Last week, I've updated my Twitter feed with the following chart and comment (you can see it here as well) The "#Shanghai composite breaking out of its 12 months downtrend channel with a bullish divergence." Two ETFs focused on China had an interesting week since... First off, the iShares MSCI China ETF ($MCHI) showing absolute & relative strength. It has broken out of its downtrend in absolute terms, and is also showing relative strength vs. the All Country World Index. Seco