Wednesday, January 18, 2012

A new Buy signal on the India Fund 1/17/12

The India fund, IIF gave a buy signal on 1/17/12. I am a day late reporting it as I had not pulled up the chart. Given the location of the price - being so much lower than the 200 day moving average (the black line), I would be a tad bit cautious in jumping in full strength.
Still, a buy signal is a buy signal and these are far better points of entry than arbitarily buying and hoping price goes up. I can use these technicals and the up arrow to define an entry point and with a down arrow, an exit point.

No comments:

Post a Comment