Exchanges worldwide tumbled last week as the overbought conditions were squeezed out of the system. Indian stocks had to cope with another factor: the Satyam scandal drove down the complete local stock market.
And now? Is it time to buy? If we look to the chart of the WisdomTree India Earnings Fund we don't have a clue what to do here.
But if we take a look to the renko-chart something else is revealed. Strength is building. The commodity Channel Index is climbing and the SAR is on the verge to reverse. A promising set-up.
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