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  • ETF Pick of the Week: New Ireland Fund [View article]
    Nothing wrong with buying when everybody else is selling ... But these charts just point to further decay ... (I made a similar mistake with FXI by the way ... I won't do that again... ) .. Ireland is too dependent on outside issues... We here in the US have not finalized our bottoming process with housing and financials, and Europe (Ireland in particular) has just begun this process ... Look at all the false bottoms we have had here in the US and project that onto Ireland.. Wait till the weekly stochastic turns up .. Or if you wish to be safer, wait till the MACD runs positive.... At very least wait until we get out of our mess, which might encourage the rest of the world to think that things are turning around ... Lets face it, there are only two real stories for the near future - Financials and commodities.. Ireland has no useful commodity ... But they do have big issues with Financials.

    Happy investing! jegan
    Jul 12 14:31 pm |Rating: 0 0
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