Thought I would pick up India going forward. I do have an e-audience out there. Moreover,
a couple of kids from India are in our local NFL betting pool. Thirdly, the Sensex stock index
is moving directionally with the US stock market, but with more brio. $BSE chart.
The $BSE is in a powerful cyclical bull market. It too has entered a second upleg phase and
recently touched its prior all time high before running into resistance and news of a juicy
scandal that runs up high politically. Hope my timing is good, given that the market is coming
off a strong overbought and is headed down to a sharp oversold, and, perhaps, a rendezvous
with obvious support at 18K.
My plan here is to start on the technical side of the market and gradually move along to the
fundamentals. Should be fun.
No comments:
Post a Comment