Dear Koshyssj
I am a new member Max and I have been in TA since 1990s- My favourites are US markets and DOW has achieved its target of 13550 on downside. It is not that bad as it seems. However it has to clear 13650 which it took 3 efforts to break the last time.
Hence the Dow will remain range bound. But My target is 18000 for the Dow, Hence if the Dow will go up , No Markets in the world can crash. Understanding the US is important. As it is the BIG papa and it always wins. Surprisingly a story on Khalistan can prove how the BIG papa plays its games.
Look closely the Rupee is going down again....slowly and steadily once it crosses 41 the technolgy sector will bounce back strongly.
Surprisingly today I made huge purchases when the market was down 300 and at the end of the day made money with mostly all the calls. I carried forward 30% of my calls.
How can we ignore RELIANCE and SBI results.... the results are going to be BUMPER..........Monday morning we will need a HUGE LASSO to hold back the INDIAN markets. !
So guys if you are Bearish be careful. The Indian Story is going to take the Sensex to 17250 levels. Untill that happens we are not going to break any 200 day moving average.....With dow target at 18000 we still have 40% more to go for USA markets to crash. 40% for india would place us at 20000
I am not advocating purchases but I am not at all tense. I am at peace with the market. God has been graceful so far.
He will continue to bless us ......
Regards/Max////
[email protected]
