Egyption Stock Market. BUY, BUY, BUY!!!

Here is a look at the EGYPT CMA General market index the pattern is exceptional to say the least.

 Bellow is a more detailed looks on the technicals of the EGYPT CMA General Index a turn took place and this Index exploded higher. The Blue chip index EGX30 is analyzed bellow, we had divergence between the two since the 09 lows, typical Dow theory non confirmation of the revolution lows.

I dont remember which Rothchild said, "Buy when there is blood on the streets" What occured in Egypt in 2011 is certainly a trough in social mood as illustrated in the pictures above. If not one that would last decades (Preferred count) then certainly for many years to come.

On a shorter scale I'm counting the 2012 advance into march as wave 1 on the CMA and EGX currently in wave 2, the upcoming advance in arabian equities in general should be a broad third wave. So as the title of this post suggests... BUY, BUY, BUY!!!

Regards,

Ahmed Farghaly