Aside from that, a return to emerging markets by global investors would boost EWT and EWY.

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The iShares MSCI Korea ( EWY) ETF is up 18.7 percent in the same period.

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Ewy does agree that some patients -- including young children, and victims of drug overdoses and near-drownings -- should receive rescue breaths.

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My trading idea is to sell or (for more aggressive investors) buy a put option on EEM, or specifically on EWT or EWY.

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To take advantage of Asian cyclical companies, purchase EWY and AAXJ.

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One of those opinionated researchers is Ewy.

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The daily chart of iShares MSCI South Korea Index Fund ( EWY) is still locked in a wide triangle formation, lines e and f, but the fund is still up 5% since June 24, outperforming SPY by 3%.

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