Wednesday, August 19, 2009

slowly, the tone changes

While 'Experts' in India keep on harping at the 'golden age' of capital markets soon to come in, the tone of commentaries coming from the USA is changing.
Ft.com. reports Gluskin Sheff economist, David Rosenberg as saying "…all we see is more evidence of a revenue-less recovery". And, "despite the government stimulus, the economy is going to be limping along for a prolonged period of time as savings rates rise and debt ratios decline. "

My suggestion is: the trading range seen in the Nifty tells us that smart money is not sure of the market direction. Once they get a sense of what may happen, the range will break, on the upside or the downside. That is where the big trend will come in.

3 comments:

Shazia said...

sir, i wanted to ask, do technical analysis require to use the fundamental newsflow at some point in time, especially when in march the charts were making bearish graphs but the market turned around from there and now when the charts look so bullish markets seem to be faltering.
i also wanted to ask about the double top pattern which is there in our markets although the rest of the world markets crossed thier previous tops, but then they hadnt rallied 30% like us in a month.

STOCKMARKET.COM said...

To tell this simple think analyst is not needed. You are always sitting on fence.....all blue chanel analyst are doing same job..and earning by this channel and clients investing in market....
you show me your post where you have said point to point and upto dot......take your last 50 post and analysis.....

my humble request.....if its your profession do it......but dont post such immature opinion..which really doesnt help to trader and investor...

CHANDU said...

Hi Sir,My bias on positive side and we mat test 5300 in coming months.

Iam coming to meet u in chennai camp.only to meet u.and i can proudly say iam following u from past 2 yrs and giving comments.Thnak u very much for ur support.

warm regards