A little late, but still relatively near the bottom. India typically makes hundreds of percent moves lasting years after such bottoms. The catalyst for change is the new pro-business Prime Minister. See: http://gyroscopicinvesting.com/forum/ot ... n-waiting/
[img width=800]http://i58.tinypic.com/wtdnwh.png[/img]
India
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MachineGhost
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India
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: India
What is the most reflective ETF on this MG?
Re: India
Thanks for the heads up, MG. I remember reading about this in the news, before he had won yet. Mostly it was about diplomatic relations, since he was denied a US visa at some point.
Maybe he will be the Indian Reagan? Where did you get that chart, btw?
I found MSCI ETFs INDA and INDY after a bit of searching. I think INDA is larger cap companies, and it also has lower ER (0.67 vs 0.93). So I would go with INDA.
Maybe he will be the Indian Reagan? Where did you get that chart, btw?
I found MSCI ETFs INDA and INDY after a bit of searching. I think INDA is larger cap companies, and it also has lower ER (0.67 vs 0.93). So I would go with INDA.
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MachineGhost
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Re: India
The chart, which is from AmiBroker, is of SCIF which is a small cap India fund. I didn't bother to do any comparisons with other ETF's since I won't be holding it long term, only as long as the uptrend lasts. But small caps will definitely juice up the gains.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: India
Do you think that the horse has left the barn on this already?MachineGhost wrote: The chart, which is from AmiBroker, is of SCIF which is a small cap India fund. I didn't bother to do any comparisons with other ETF's since I won't be holding it long term, only as long as the uptrend lasts. But small caps will definitely juice up the gains.
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MachineGhost
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- Joined: Sat Nov 12, 2011 9:31 am
Re: India
Compared to it potentially running for a couple of years, no. But short term it may be overextended; but you risk missing the move if you wait for a pullback. I am betting that if/when the US corrects, capital will rotate to greener pastures overseas. I don't think we're ready for a major top yet because there's just way too much negative sentiment. Major tops don't happen when everyone is looking for them (corrections can, but they're 10%-20% or so).Reub wrote: Do you think that the horse has left the barn on this already?
Last edited by MachineGhost on Fri Jun 06, 2014 8:02 am, edited 1 time in total.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
-
MachineGhost
- Executive Member
- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Re: India
Time for an update, it just broke out again and money flow is positive:
[img width=1024]http://i60.tinypic.com/6i78g7.png[/img]
Hopefully, this is the one, but there's still room for more compression in the apex.
[img width=1024]http://i60.tinypic.com/6i78g7.png[/img]
Hopefully, this is the one, but there's still room for more compression in the apex.
Last edited by MachineGhost on Wed Nov 19, 2014 10:16 am, edited 1 time in total.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!