I find the FTSE XINHUA 25 to be a very technical index much likely commodities and currencies versus the S&P and Dow.
The Trendlines on FXI ETF are beautiful. My trend models are neutral, and trendlines are neutral as the major bear market trend line was broken and now FXI has broke a recent uptrend line, it is holding on to a short term down trend line, and has yet to break the current intermediate uptrend line.
The intermediate trendline is close to the price, if it breaks and trend models role over we can be in for a good short, low Volatility (pink line) indicates their is "fuel" in the tank for a new trend.
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