The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: microhoogle! who wrote (131667)	7/2/2008 12:14:34 PM
From: Perspective	Read Replies (5) of 306849

That's why India remains my favorite emerging markets short. They have inflation in a bad way, they aren't hiding it, their bank is fighting it, and the stock market is getting killed because of it. This chart, to me, looks like it has first support around the congestion at 10K. That's still a 30% haircut. And I'm not even sure it wants to stop there. The key thing I try to keep reminding myself on this one is that this is the meat of the move for India. Now is the best opportunity there. While it may seem like they've fallen a LOT, they've only moved halfway back to the 10K support (on a log basis) and only the foolish and lucky catch the first 1/3 of the move. For a short, the money move is happening now. `BC

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