The Nifty Trading Lounge

[jagankris]

Whatever the 95% are using is what I want to move away from.

Hmm, the secrecy continues

What 5% uses remains a secrecy till date.

And probably It doesn't necessarily mean that the whole of 5% crowd exactly uses the same method

But if anything from 5% is revealed then it will become obsolete soon when more from 95% start using it :rofl:

 

[Taurus1]

Advance celebrations have started......

Cac +3.xx%
Dax +3.xx%
There is a tiny snag.................. no deal has actually happened.

Today is the top for the Spx, Dax, Cac and Ftse. These markets are gonna get crushed next week.

The good news............. a Nifty minor top is in, from here on, there is a very slight down move/sideways till the first week of July.

I sold the Jul 84-83 strangle

 

[Taurus1]

The eyes of the world are on Greece as the 5 year farce continues...........

Somehow the word "experts' got left out of this headline

Greece crisis: Heavy put buying by FIIs hints market rally may not last

http://economictimes.indiatimes.com...t-rally-may-not-last/articleshow/47807848.cms

The good news............. a Nifty minor top is in, from here on, there is a very slight down move/sideways till the first week of July.

This forecast continues, no major downmove expected.

Tsipras Faces Party Revolt In Bid To Push Debt Deal Through Parliament
http://www.zerohedge.com/news/2015-...-revolt-bid-push-debt-deal-through-parliament

The Greek proposal leaked to the press on Monday literally shocked every Greek and especially the SYRIZA lawmakers and its junior coalition partner Independent Greeks.
“An agreement based on the Greek government’s proposals is a tombstone for Greece, and will not pass from Syriza [party bodies],” said Syriza MP Giannis Michelogiannakis

From Saturday, I'm in Bombay....... back next week.

 

[jagankris]

Somehow the word "experts' got left out of this headline

Greece crisis: Heavy put buying by FIIs hints market rally may not last

http://economictimes.indiatimes.com...t-rally-may-not-last/articleshow/47807848.cms


This forecast continues, no major downmove expected.
:thumb:

:thumb: :thumb: :thumb:

The expert view(Half Truths or blatant misleading lies) published on expiry date

:rofl: :rofl: :rofl:

 

[Taurus1]

It seems like the only time I get to watch tv is out of town..... all the cartoon channels were conducting conferences on Greece..... packed with zero performance experts doling out their usual worthless advice.

None of them have the slightest clue what the ECB is going to do, neither does the ECB have the slightest clue what it needs to do, so nothing new all round.

Watch the experts carefully, in some cases the look of desperation on their faces is openly visible......... many are trapped from 2008 and a bear market right now will finish them off.

IMF warns of huge financial hole as Greek vote looms

http://economictimes.indiatimes.com...-as-greek-vote-looms/articleshow/47918000.cms
The "huge financial hole" is all bulls, nothing is going to happen now, but it will happen later.

I am preparing to buy on a very short term basis. the suckers....oops , err investors who have bought stock for the long term are going to find out the hard way how important market timing is.

Shanghai already down - 6.23%, almost 25% down from the peak

 

[Taurus1]

Sometime in 2013, Bernanke said that "the QE program started in 2008 had "no discernible effect on the US economy." but in 2015 "it is a powerful tool to stimulate growth."

Now some of the major economists have also admitted that the medicine is the poison

Some must read articles here...........
This Is Why The Euro Is Finished
http://www.zerohedge.com/news/2015-07-04/why-euro-finished

the IMF hasn’t merely known this for months, it’s known it for years. That is to say, it already knew back then that the bailout executed in 2010 would push Greece even further into debt. Which is the exact opposite of what the bailout was supposed to do

Stop lying to the Greeks — life without the euro is great
http://www.marketwatch.com/story/stop-lying-to-the-greeks-life-without-the-euro-is-great-2015-07-02

Greece adopted the euro in 2001. And after 14 years in the same club as the big boys, they are back right where they started. Real per-person economic growth over that time: Zero

Meanwhile Romania, with the leu, has only … er … doubled .

 

[Riskyman]

And come 2017, Britain is holding a referendum whether or not to stay in the EU. If Greece exits EU, it will set a precedent to Italy, Spain & Portugal.
Sounds like the death of the Euro??

 

[Taurus1]

History is full of examples ....... rich countries looting and exploiting the poorer countries..... the Greek story has finally closed. The electorate has told the loanshark banksters to fuq off, loud and clear.:clap::clap:

In May, I had forecast a final bottom on the 25th, which got changed to a minor top... courtesy an unscheduled rate cut.
The May 25th high is crucial, below that ...... get out.

There is a minor top today, followed by a small down move of 150 pts or so.

The final high for this year is a few months down the line ,so short term bbuulllssss can jump in.

 

[Taurus1]

The May 25th high is crucial, below that ...... get out.

Date typo here, the high was on May 22nd

The Greek vote result was a hammer blow to many bbuuulllssss and brokerages who were living with Alice in Wonderland....... realization is slowly sinking in to their few brain cells that are actually working, that the time implications of this are going to be much longer than expected.

In April, just 3 days after the market top, many brokerages were issuing buy calls on certain stocks, "holding time of 6 months to 1 year".

The "6 months to 1 year" somehow became "5 to 7 years" in the next newsletter and then in June it went to "10 to 12 years".

In July, they do not even acknowledge having reccommended it.

It goes without saying that most of the stocks tipped to the suckers er, clients are deep underwater.

The mother of all bubbles iis here

China's $358 Billion in Margin Loans Points to Next Bear Market
http://www.bloomberg.com/news/artic...ar-market-seen-in-358-billion-of-margin-loans

Chinese Government "Losing Control": Stocks Are Collapsing, Hitting New Bear Market Lows
http://www.zerohedge.com/news/2015-...collapsing-again-hitting-new-bear-market-lows

many investors said the government was at least partly to blame for the collapse because it encouraged them to go into the market - for months, state-owned media have issued daily commentaries to encourage people to load up on shares.
Analysts warned that the nation's leadership would pay dearly if it failed to stabilise the market and prevent millions of small investors from losing their life savings.

 

[Taurus1]

A minor low is in, I bought calls yesterday at close, 8320 stop. The next high is on the 14th.
Internet dead, posting fom my fone.