More than a thousand protesters have reportedly been arrested or beaten since the protests began, and so far 10 people are thought to have been killed. Activists have turned to social networking sites to conjure up fresh demonstrations. Many riots have been organized and made public via social media sites such as Facebook and Twitter. Demonstrators have taken to the Internet to post countless photos and videos showing the violence that has erupted in Egypt. Reports claim that the Egyptian government has censored social media sites and deactivated cell phone relay towers in order to thwart the attempts to publicize the protests in Cairo, Alexandria, and other Egyptian cities. Video footage shows scenes of chaos and violence as thousands of policemen, backed by armored vehicles, are seen clashing with protesters in an attempt to disperse the crowds that are gathering throughout the nation's major streets, bridges and intersections. Several videos show riot police with helmets and shields firing tear gas at crowds or blasting demonstrators with water cannons. Two Egyptian protesters were killed in an anti-government demonstration in Suez, Egypt, on Tuesday, while a policeman died during a protest in Cairo, Reuters reported, citing an Egyptian Interior Ministry official. Officials say one protester died as a result of tear gas inhalation while the other was killed by a rock thrown during the protest. The policeman who died in Cairo was also hit in the head by a rock.
In trading on Monday, shares of the Egypt Index ETF entered into oversold territory, changing hands as low as $60.63 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.