The Indian currency realised its triple bottom potential at the 43.85 level as the currency moved past 46 against the USD yesterday. The chart below shows the one year daily price movements of the currency and the bottoms are marked by the red oval. The price objective of the triple bottom pattern works out to […]
The BAC management takes a voluntary call from Mr Buffett and agrees to pay 6% on 5 billion for 10years or 300 million a year because they have LOADS and LOADS of capital to spare. YES, I BELIEVE IT, that must be the reason.
Followers of this blog would know that I had been stubbornly insisting that the level of 4800-4700 on the Nifty has to come through before we could even talk about upside potential for the Indian markets. Having reached those levels on Friday, what next for the Indian markets? In my June 14th post, we discussed the bullish […]
The blame game begins 😀 Did you ever doubt the movements in the stock markets over the last couple of weeks was not a bear market fluctuation? Here is proof that it is- the above headline captured from Yahoo/Reuters. Wait a second. I thought fund managers never looked at charts. Wasn’t it always their super intelligence and […]
The up move in Gold is starting to look similar to what silver was in April. Yesterday’s intraday high of 1782 and a much lower close is the first warning sign. This does not necessarily mean that Gold will start crumbling right away. In fact an erratic rise, like the two scenarios shown on the […]
The price action over the last few days have been quite significant. Many world indices have seen reversal in their major trend. S&P 500: In my last post, I had warned that the S&P was poised to break the lows of June. Not only did that happen, the S&P took out the “Earthquake low” of […]