Friday, March 25, 2011

IIF gives an Up signal!

What do you know? IIF gave an up signal yesterday. IIF is an exchange traded fund that invests in the public equity markets of India. It is the Morgan Stanley India Investment Fund, Inc     


Looks like my earlier post noting that IIF has broken the down trend line was a fore-runner to the latest move. Also notice how it broke the previous resistance of recent highs and pushed its way up. It is hard to say if there will be a little pullback to give us a better buying opportunity or not. Probably better to wait for a pullback.

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