The Nifty Trading Lounge

[jagankris]

My view of the charts... esp DJIA weekly for the last 5 yrs:
"We are witnessing the creation of a big Bear market now... could last another 30 months with more than 60% drop in valuations."

Enjoy the ride!!

So far not a single sign of weakness

 

[Pradeep Narayan]

So far not a single sign of weakness

No apparent sign of weakness, but markets are not sustaining new highs.. the patterns are like a 'M' where the second top is higher.. a very ominous sign for buyers.

 

[Taurus1]

From today, I'm back in office........ I wasted 10 holidays on a slow motion market. High velocity will probably start by the 6th, after the Rbi policy and Greek issue is over.

A very interesting article....... must read ......

Economists Caution: Prepare for 'Massive Wealth Destruction'
http://www.newsmax.com/Finance/MKTNews/Massive-wealth-destruction-economy/2013/06/20/id/511043/

Uncle Ben is back in the news......

Bernanke sees no risk of hard landing in China, bullish on U.S. economy
http://finance.yahoo.com/news/bernanke-sees-no-extreme-moves-030422486.html

This was in my mailbox, sent by a friend asking if it is genuine......

So, I said yes, it is...... but it cannot be done here

This video was shown on every news channel, national and regional, on the day it happened. If you missed seeing it, you are either blind, deaf and dumb, or dead..... most probably all three.

It is here https://www.sendspace.com/file/takve6

Magic in Dharavi........ in front of hundreds of people......... nope...... no chance. it doesn't exist.

 

[Rish]

No apparent sign of weakness, but markets are not sustaining new highs.. the patterns are like a 'M' where the second top is higher.. a very ominous sign for buyers.

It will fall and it has to fall......Gold has given strong sell signal in November 2012....after that now trying to reverse in the upside...

Now...gold has to confirms the reversal, then all market has to fall...only sequence has to set...very soon..it may set the trend...

Anyway we will follow the present trend....above message is my observation...

 

[Verde]

This was in my mailbox, sent by a friend asking if it is genuine......

So, I said yes, it is...... but it cannot be done here

What is this? Looks like no risk fake.
The video was good.

 

[Taurus1]

Posted on the 27th. 8:37AM

Shanghai final top on the 28th, +/-1

The exact top was on the 28th

Chinese Stocks Are Crashing
http://www.zerohedge.com/news/2015-05-28/chinese-stocks-are-crashing

The Shanghai Composite has extended yesterday's losses and is now officially in "correction" - down over 11% from its highs yesterday.

What is this? Looks like no risk fake.
The video was good.

Errr, not exactly. on the weekend, I will dig out the email and post a pic of his results.

Zero risk trades are slightly complicated to do, but there are many who are doing them........... and I'm not talking about no brain required ratio spreads which loose.

129 downloads of the video, looks like everyone enjoyed it.
Some more videos............
In Dharavi again
https://www.sendspace.com/file/17ljw6
In Varanasi, on the river bank at night
https://www.sendspace.com/file/gxoyiy


The usual debate going on whether Greece will pay, but few have realized that Greece is only the battlefront, there are more in the waiting list.......... Portugal, Ireland, Italy, Spain

Greece claims deal is close, but creditors unconvinced - as it happened
http://www.theguardian.com/business/live/2015/may/27/greek-bailout-talks-resume-brussels-imf-live

"GOVT OFFICIAL SAYS GREEK BANK DEPOSITS ARE SAFE"
Get out now,

 

[simplebuthard]

Some quotes regarding astrology

Hippocrates: “A physician without knowledge of astrology has no right to call himself a physician.”

President Theodore Roosevelt: “I always keep my weather eye on the opposition of my seventh house moon to my first house Mars.”

Ben Franklin: “Oh the wonderful knowledge to be found in the stars. Even the smallest things are written there… if you had but skill to read.”

Mark Twain: “I was born with Halley’s Comet and I expect to die upon its return.” He did.

Albert Einstein: “Astrology is a science in itself and contains an illuminating body of knowledge. It taught me many things and I am greatly indebted to it.”

St. Thomas Aquinas: “The celestial bodies are the cause of all that takes place in the sublunar world.”

Dr. Carl Jung: “Astrology is assured recognition from psychology without further restrictions, because astrology represents the summation of all the knowledge of antiquity. The fact that it is possible to construct, in adequate fashion, a person’s character from the data of his nativity, shows the validity of astrology.”

Johannes Kepler: “An unfailing experience of mundane events in harmony with the changes occurring in the heavens, has instructed and compelled my unwilling belief.”

Dante: “(Astrology is) the noblest of sciences”.

J.P. Morgan: “Millionaires don’t use astrology; billionaires do.”

 

[Taurus1]

Some more vids...........

Gravity???? wots that?
Never heard of any such thing

https://www.sendspace.com/file/vi79hf

The 2 men holding the coat, and 10 people outside are watching him walk through glass

https://www.sendspace.com/file/92lvnr

What things are possible

https://www.sendspace.com/file/mtjd8g

 

[Taurus1]

Who says dead objects can't come to life?

https://www.sendspace.com/file/jts44f
https://www.sendspace.com/file/1rx3nk

With Natalie Imbruglia
https://www.sendspace.com/file/yuk5g1

Fish out of air
https://www.sendspace.com/file/pg0nh4

 

[Taurus1]

A lot of sobbing still going on that the rate cut wasn't enuff
Rajan defends rate cuts, says RBI not a cheerleader for markets :clap: :thumb:
http://www.oneindia.com/india/rbi-not-cheerleader-for-markets-raghuram-rajan-1765352.htmll

Wondering why an economy needed rate cut when it was growing at 7.5 per cent, Rajan said.

Any answers from the industry "captains"? :lol:



The real move starts after the weekend, will Greece pay up or not?
The market direction after the 8th is critical.

I'm supposed to go to Bombay on the 6th....... all plans postponed until the dust settles.

A First-Hand Account Of The Greek Bank Run
http://www.zerohedge.com/news/2015-05-31/first-hand-account-greek-bank-run

Greece will make June 5 IMF payment if deal with lenders reached: Official
http://economictimes.indiatimes.com...ers-reached-official/articleshow/47511726.cms

Athens, which depends on foreign aid to stay afloat, has said it may not be able to pay the IMF without new loans from its European and IMF creditors.

== Take the new loan and use it to pay back the old loan