Tuesday, January 29, 2008
BRIC Update
I've updated the BRIC CHART to the point it started trading. The chart is a Performance Chart that shows how the BIK ETF is doing against the individual ETF's for each country included. I'm using the stochastic crossover above oversold territory to add to my position. The individual ETF's are Brazil(EWZ ), Russia(RSX ), India(INP) & China(FXI ). If this was a horse race I'd say India sprinted to a big lead at the quarter pole, but has tired early while trying to set a fast pace for the other horses in the field. Brazil and China have tried to keep pace with the favorite but are back to where they were in the gates, neck to neck. Russia has been content to stay just a little off the pace and will probably try to continue to hug the rail and then sprint to the finish for a 3 length win in the 1st leg of this Triple Crown. I'd say we're now through the 2nd furlong of the 1st race of this series. This is bound to be a long and very exciting horse racing season. Stay Tuned.
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