Algokid

Economic Deterioration of India continues....

BATS:EPI   WisdomTree India Earnings Fund
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India decline was probably one of the most under reported stories of 2011. The Bombay exchange lost close to 20 % in 2011. Some of the factors hurting it's economy : High inflation which in turn hurt Job creation, lack of investments from local companies which is not good for GDP. EPI had a negative return ( 40 .4 %) vs 1.9 % for the SPY

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Would you recommend another short here?
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Algokid DRP37
Hi DRP37, EPI is approaching support (15.50-15.53)...I wouldn't go short until this level is broken.
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Revisiting this chart. It seems things are getting worse for India. Anyway, Short target reached
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short position taken with Stop loss at 20.06
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