Friday, February 04, 2011

India Index Update


Last month before the recent down move, I posted about the weakness I was seeing in the India Index ETF (INP). Since that post, INP has fallen sharply breaking a long term trend line (not shown) on the weekly chart.  Although a bounce is due, longer term I think INP still has more room to the downside in the weeks to come. You can read that post from last month by clicking here.

No comments:

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites