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The India Fund (IFN) in Overbought Correction

Aug. 22, 2005 5:30 PM ETThe India Fund Inc (IFN)
David Fry profile picture
David Fry
9.72K Followers

What happened to IFN today? There isn’t any news that I’ve found, writes David Fry, founder and publisher of The ETF Digest, but sometimes alert subscribers point out something to me. For now it just looks like an overbought correction. Volume was heavier than normal and the selling came at mid-day. Chart below.

IFN Chart

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This article was written by

David Fry profile picture
9.72K Followers
David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and actionable advice on global ETF investing. We particularly like the overview of financial markets that his work provides. Even if you're not a fan of chart analysis, Dave provides insight and commentary into which global markets are "working" and why. Specializing as a market strategist and tactician, Fry focuses on evaluating, creating and implementing a variety of ETF portfolios for individual investors and financial professionals. His philosophy and approach incorporates fundamental with technical analysis in pursuit of risk management and capital preservation especially during uncertain and volatile times. His new eBook, The Best ETFs: U.S. Equities,is now available on Amazon Kindle. Written as a cheat sheet to only the best ETFs for you or your client’s portfolios. For those that don't have a Kindle, you can purchase the pdf here: The Best ETFs: US Equities [https://gumroad.com/l/The%20Best%20ETFs]

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