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We stopped out of $EPI last week just below break-even when it failed to hold the 20-day EMA. We still like the weekly and daily chart in $EPI; however, the charts of the iPath MSCI India ($INP) are showing a bit more relative strength, so we plan to re-enter India through $INP. Yes, $INP trades with lower volume, but its relative strength over the other ETFs is clear. $INP tested the highs of 2012 while $EPI stalled 5% short of the 2012 high.

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