Thursday, September 24, 2009

India Recap

Regarding India I don't have the Sensex on the database of this program, so the next thing most similar is the ETF's in this case MSCI India.


So far so good...

Regarding the last post, here it is one of the best performers from the list of the screening tool... It issue a buy at 0.57 USD at it stands today at 13.22 USD, a  2219% rise!

I know that in hindsight is easy, but with the screening tool and with the system we'll have the chances from time to time to grab these suckers. Even if it only happens once in 10 or more years I'd be more than happy.


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6 comments:

  1. AnonymousSeptember 24, 2009 at 5:51 PM

    Hey Sal,

    I have exposure to IFN, INP, and EPI...any analysis on these using your screener?

    any other ETF suggestions for US investors who want to invest and profit from India bull? I know I have been asking about this forever; but I am concerned that I might be missing out on full potential of profiting from India Bull...thanks

    NYC (N)

    ReplyDelete
  2. SalvadorSeptember 24, 2009 at 6:21 PM

    all the charts from indian ETF's look the same...if they happen to change the trend i will prompt in here...

    sorry you've alrady asked i don't know... I'm only aware of those etf's in US...

    ReplyDelete
  3. JAPOSeptember 24, 2009 at 8:35 PM

    Hi,

    This INR is the ETF I'm full invested for India and I've been keeping track of it with ProRealTime for some time.

    I think that the daily chart might be in trouble and these are the reasons why:

    1. Since the 16th of September that the price is in a tight range of 9.32 and 9.51; if tomorrow it breaks lower than 9.32, we may be seeing the start of the so much awaited correction in India

    2. The MACD(12,26,9) has been doing consecutive absolute lower peaks (either negative and positive) since June; now is almost in limbo (still positive), entering the negative area

    3. The stochastics (14,3,5) has generated a sell signal 3 days ago and still didn't revert up

    4. Since the 19th August low I can count 5 waves; these waves may finnish a rising wedge (bearish?) that started by the 10th of June.


    Salvador, do you think that the correction is starting or this still fits your " 3rd wave extension scenario"?


    Regards,
    JAPO.

    ReplyDelete
  4. AnonymousSeptember 25, 2009 at 4:04 AM

    Hey JAPO - are you in the US? when i type in INR in ameritrade; it comes up as Market Vectors Rupee/USD ETNNYSE Arca:INR...

    thanks,
    NYC (N)

    ReplyDelete
  5. JAPOSeptember 25, 2009 at 8:49 AM

    NYC,

    No, I'm in Europe. When I type INR it comes up with that one too, but I'm refering to INR - Lyxor MSCI India from Euronext Paris...this is exactly the one Salvador is showing in the first picture of the "India Recap" post.


    Regards,
    JAPO.

    ReplyDelete
  6. AnonymousSeptember 25, 2009 at 7:29 PM

    Thanks Japo.

    NYC (N)

    ReplyDelete