Balaji,
Your sarcasm is well understood! May be you are a born sailor and don't need campus in the midst of an Ocean! But for lesser mortals Charts do present a greater comfort than a "Balaji" (I am not referring to the ONE at Tirumala!) shouting that the index will have mindblowing move. Well! Why should it?
Leaving rhetorics alone, December 5500 Calls have been showing enormous volumes for a next month Call Option! May be knowledgeable crowds do play such a long shot. When current month quotes at 3 Rs next month quotes at 32 Rs.
Sriram B.Sriram 4B, Skylark Apts, 6,Rutlandgate Fifth St., Chennai-600006 Ph:+91 44 28334849(Dir)/28332373(Board) Mobile: +91 98400 63145 Email: bhsppt@gmail.com Date: Wednesday, 11 November, 2009, 1:24 PM But, charts & chartists were suggesting short ever since 4300-4400... .....then we rallied to 5181.....Again & again at 4550-4650-4700- 4800..... ...I have seen all target of 4400-4000-3500 when we crashed last time in October 15-30th..... Even today everyone wants to short, last time as per my mail, stop loss was 4960, taken off now......Next 5000/5050... ...Will be taken off as well....Any comments??
Can someone enlighten me with Chart view for next 2 months??? My Christmas/New Year Gift for everyone in this group will be New High on NIFTY....... . i will stick to it :)
I will post detailed view over the weekend- till then stay invested. Buy on dips, Dont short. Rgds/Balaji
On Wed, Nov 11, 2009 at 12:59 PM, R. K. Kare <rkkare@yahoo. com> wrote: I agree to Naresh if u can read charts, then why listen to other peoples views... Jai ho charts, Make money using UR SKILLS.
From: Naresh Cherukuri <nareshch@live. in> To: TI <technical-investor@ yahoogroups. com> Sent: Wed, November 11, 2009 12:47:23 PM Subject: RE: [Technical-Investor ] next week
I am not sure if these guys will trade exactly what they say on TV. If Shankar sharma says sensex may fall up to 12500 in next SIX months , does that mean he add shorts from now onwards ? ( I dont know if he can trade in markets after november , i read some where , as his is barred from trading due to some malpractises ). We also had a guy ,Mathew Easow , who also was giving BUY calls on TV and off load his postions on the same day . I am not againist any one saying sensex goes to 12500 or 8000 or even 30000 . Let my chart tell me where its heading Not Shankar or Rakesh. ( I believe only Charts Because I do not know any macro economics or how they affect the markets . I tried a bit to read the balance sheets, reports but after Satyam case I stopped wasting my time ) Jai Ho Charts .
Naresh
To: Technical-Investor@ yahoogroups. com From: brijeshjana@ yahoo.comDate: Tue, 10 Nov 2009 19:17:08 -0800 Subject: Re: [Technical-Investor ] next week I think Shankar Sharma is the most misunderstood guy. Somebody who can survive in market by loading on to shorts and puts - for this long, has to be doing something right. And if the popular perception that his takes have been wrong is correct and still survived, he must have done 'something' right. Point is, lets not take him (or anybody) on face value, lets factor in some deception. regards, Brijesh Janardhanan
From: BALAJI Jayaraman <bctbalaji@gmail. com> To: Technical-Investor@ yahoogroups. com Sent: Tue, November 10, 2009 1:10:38 PM Subject: Re: [Technical-Investor ] next week The BIG PERMA BEAR.......is back again :)
Sensex may drift down to 12500, -ve on RIL: Shankar Sharma Published on Tue, Nov 10, 2009 at 10:40 | Updated at Tue, Nov 10, 2009 at 12:41 | Source : CNBC-TV18 http://www.moneycon trol.com/ news/market- outlook/sensex- may-drift- down-to-12500ver il-shankar- sharma_423875. html Bears can have a nice reading & rejuvenate.. ...
Rgds/Balaji
On Tue, Nov 10, 2009 at 12:58 PM, BALAJI Jayaraman <bctbalaji@gmail. com> wrote: Dinakar & Friends,
Here's one more Legendary in the lines of Warren Buffett & Peter Lynch.....
See what investment master Ken Fisher expects, atleast someone to my rescue in support of Bulls :) Enjoy reading.... Rgds/Balaji
Ken Fisher: Markets Could Rise Another 25 Per Cent By Jan 2010 Viva the vrrooom!
We're in the midst of a really big and steep V. As detailed in my Feb. 16 column, "Anticipate the V" , big bear markets are almost always followed by big bull markets in a V-shape pattern. The steeper the descent, the steeper the ascent. Most investors give too much credence to the theory that prices are rational; they presume that a market collapse must have been justified by serious economic trouble. As a result they presume that we can't have a big bull run after prices crash. History proves that presumption to be false. This time the V is almost perfect--so far. As I write, the MSCI All-Country World index is exactly where it was on Sept. 29, 2008. From there to the Mar. 9 bottom was five months and ten days. From the bottom up to here is not quite seven months, a slightly lopsided V. Note: The V works for the whole world stock market, not necessarily every country's. Any one market, including America's, can take on an odd shape. Always think globally first. The fundamental force behind every V is always that the last phase of a bear market is driven completely by imploding panicky sentiment rather than the fundamentals people think they're thinking about. The sentiment implosion is a societal, psychological depressed-spring effect that makes the market bounce back as quickly and as far as it went down. All the while people fret about sucker rallies and expected pullbacks, the V keeps its shape. I described that sequence for the 1930s in my May 25 column. Now take a look at the bear market bottom on Dec. 6, 1974. A year and five months later the stock market was almost exactly where it had been a year and five months before Dec. 6. If history repeats, the current V recovery is far from over. If it keeps up for another six to nine months the global stock market will be 20% to 25% higher by Jan.1, 2010. We had a long (16 months) and deep (down 60%) bear market. Now we're getting a big, long bull run.
On Tue, Nov 10, 2009 at 12:27 PM, Dinkar Mehta <dinkar_mehta@ yahoo.com> wrote: Sniper: Thanks for explaining it very nicely. So now next question is a "million dollar question :)" How do we position our self from an investor perspective? Plan for reducing exposure towards equity? But then the question is where should the investment be diversified? Any safe heaven for the sort of situation we are foreseeing? Regards, Dinkar Sent: Tuesday, November 10, 2009 12:07:14 Subject: Re: [Technical-Investor ] next week
i can only speak for myself.
Yes i do see a rising mkt in the near term but this will end up very badly. So, the logical question would be...why bother about the future when we can make all the moolah now ?
Well, coz when the eventual fallout happens and if one is not positioned properly, all the gains and then some will be wiped out in no time
Cheers!
On Tue, Nov 10, 2009 at 11:56 AM, Dinkar Mehta <dinkar_mehta@ yahoo.com> wrote: Sniper and Balaji: If I have understood it correctly – looks like the views from both of you are on different time frame. Sniper: from your emails what I have understood is that for time being we may not make new low but eventually it will and the end will be extremely bad and sad. Balaji: from your emails what I have understood is that the view is of shorter term and market should remain extremely bullish for next couple of months. Please correct me if I have misunderstood it. Please keep the gems coming from you. It helps a lot for beginners like me. Regards, Dinkar Sent: Tuesday, November 10, 2009 9:43:00 Subject: Re: [Technical-Investor ] next week
The doom & gloom economists - Roubini, Kenneth Rogoff, Niel Ferguson, et all -share a common refrain - the U.S. is in decline, the dollar is in an endless downward spiral & will be replaced as the world's reserve currency with SDR/Gold standard, foreign governments will stop buying T-bills, GDP growth won't ever top 4% again, the manufacturing sector is in permanent decline, Gold is God & only Asset class for safety and security.... To your point - Anyone who has a little bit of common sense left in their heads is bearish. And yes they look beyond charts to see what is coming. Everything what you mentioned above is correct. I dont know about god but gold and silver & hard assets will be the only saviors when this all pans out. All that is happening is short term gain for LONG TERM PAIN. If you inject enough electricity into a zombie, even that zombie becomes Frankenstein .
But, remember…There is someone, who is doing things differently J Despite legitimate concerns, great challenges in US (as we are assuming now) – Oracle of Omaha is buying Railroad Company Burlington @ 31% premium to Market price – DOES THIS TELL YOU ABOUT THE ECONOMY?? Railroads are dependent on economic activity. And if America's economy is uncertain/faltering– How can this legendary investor go wrong??? If you read between the lines what Buffet is doing you will exit the stock markets at once! I will give you a hint what this tells you about the economy. Inflation is coming due to all the money printing habits of central banks, espc the FED. This will lead to higher fuel prices and the road runners like trucks and other heavy vehicles will be hard pressed for business and the only thing viable will be trains.
He is not wrong.. he is right for reasons ppl cant see.
We ll see how this all pans out.
On Mon, Nov 9, 2009 at 10:13 PM, Balaji Jayaraman <bctbalaji@gmail. com> wrote: I am happy to see Bears turning Bullish…. Once again J… Sure this fear factor, will alone lead to short covering and fresh highs in Market J The doom & gloom economists - Roubini, Kenneth Rogoff, Niel Ferguson, et all -share a common refrain - the U.S. is in decline, the dollar is in an endless downward spiral & will be replaced as the world's reserve currency with SDR/Gold standard, foreign governments will stop buying T-bills, GDP growth won't ever top 4% again, the manufacturing sector is in permanent decline, Gold is God & only Asset class for safety and security.... But, remember…There is someone, who is doing things differently J Despite legitimate concerns, great challenges in US (as we are assuming now) – Oracle of Omaha is buying Railroad Company Burlington @ 31% premium to Market price – DOES THIS TELL YOU ABOUT THE ECONOMY?? Railroads are dependent on economic activity. And if America's economy is uncertain/faltering– How can this legendary investor go wrong??? For sure, I am with Warren Buffet and would bet on buying stocks and staying Invested. Globally and in INDIA…..Everyone has gone short (now trapped), now will be afraid to go long at Highs after seeing today…. Last week Break of 4680-4720 & even 4600 was just to create panic and a false breakdown…The entire loss is now recovered in 2 days; the bears are actively selling rallies, and the bulls are eagerly buying dips. Just because an index falls below support doesn't mean it's doomed to more declines. But, it should get investors attention & all those who buy such corrections will be rewarded. Earnings season has been good, economic data continues to show incremental improvement, mergers and acquisitions continue - and it all seems to be slowly priced into stocks. Portfolio managers are churning their portfolio and allocations are made as per next rally expectations. The Ideal/best case scenario right now is range bound trading or sharp recovery from every decline. Let stocks consolidate for a couple of days and see if we can't get a rally going to hit my forecast as per previous mails. I still stick to my previous targets as per my mails. I have attached the same for your reference. Now Elliot waves and Chartist have put target of 14k and 12k on Sensex…..Lets see what happens in next 2-3 Months, every TA I speak to now are in Bear's camp and suggest short on rallies. Now they just have two stop loss 4960 / 5050 closing basis…..May be 1 would have the last high in Nifty J…. Rgds/Balaji
1200 by year end i meant. (2009) On Mon, Nov 9, 2009 at 9:35 PM, Sniper Trader <snipertrader@ gmail.com> wrote: At this rate.. i wouldn't be surprised if S&P does 1200. But thats a moot point. This is all going to end very very badly. On Mon, Nov 9, 2009 at 9:26 PM, scot scot <scotland_bobby@ yahoo.com> wrote: we could have a rally. but i would be surprised if it takes off this early. Sent: Mon, November 9, 2009 3:34:36 PM Subject: Re: [Technical-Investor ] next week
Scot Look at the USD index. Its precariously close to 75. If we break that... the S&P and dow will have a huge rally and we should follow suit On Mon, Nov 9, 2009 at 7:47 PM, scot scot <scotland_bobby@ yahoo.com> wrote: seeing todays data it seems the crash to lower lows "may" have been postpone but we are still in the zone where becoming bullish for the short term man is not advisable. crash is not out of the question. so next few days needs caution. before becoming outright bullish. From: scot scot <scotland_bobby@ yahoo.com> To: Technical-Investor@ yahoogroups. com Sent: Fri, November 6, 2009 3:05:54 PM Subject: Re: [Technical-Investor ] next week
i think we may not see 4925-4949 level since everyone knows it. surprised!. everybody is watching this level. in my opinon nifty has been keen to flop wheneever there is hint of-ve sentiment in world markets. i think recent high was the last high and we could resume the downward journey next week. From: chockkalingam n <chockkalingamn@ yahoo.co. in> To: Technical-Investor@ yahoogroups. com Sent: Fri, November 6, 2009 2:58:48 PM Subject: Re: [Technical-Investor ] next week Very important levels like 50DEMA and 20WEMAs have been breached effortlessly. So market sentiment has changed atleast from bullish to neutral. There are no positive triggers ahead from Govts/ central banks as there is nothing left for them to do. If NIFTY reverses from 4925(61.8% FIB) we may very well see 4400 --- On Fri, 6/11/09, scot scot <scotland_bobby@ yahoo.com> wrote: From: scot scot <scotland_bobby@ yahoo.com> Subject: Re: [Technical-Investor ] next week To: Technical-Investor@ yahoogroups. com Date: Friday, 6 November, 2009, 5:24 PM its difficult to call that correction phase is over. fireworks on the down side could resume again next week. From: scot scot <scotland_bobby@ yahoo.com> To: Technical-Investor@ yahoogroups. com Sent: Tue, November 3, 2009 10:21:05 AM Subject: Re: [Technical-Investor ] next week things are going well. so far so good. enjoy! From: scot scot <scotland_bobby@ yahoo.com> To: Technical-Investor@ yahoogroups. com Sent: Thu, October 29, 2009 2:17:22 PM Subject: Re: [Technical-Investor ] next week From: Zafar M <pappymacha@gmail. com> To: Technical-Investor@ yahoogroups. com Sent: Thu, October 29, 2009 11:07:38 AM Subject: Re: [Technical-Investor ] next week If that happens what downside levels we can expect? On Thu, Oct 29, 2009 at 4:19 PM, Girish <girish.krishnamurth y@gmail.com> wrote: Today's close at ~4750 (near the crucial range of 4730-4750) is very ominous. If we gap down tomorrow, then these levels will be taken out and definitely, we are likely to see more downside than a bounce back. Similarities to Jan-08 ?? From: Technical-Investor@ yahoogroups. com [mailto:Technical-Investor@ yahoogroups. com] On Behalf Of scot scot Sent: 29-Oct-2009 16:14 To: Technical-Investor@ yahoogroups. com Subject: Re: [Technical-Investor ] next week sniper i think we are going to crash i.e we will see a sharp decline. the entire downfall that is exepected (W or much lower) could happen in matter of days/weeks. it isnt going to give time. if we dont get a bounce from here we could fall of cliff very rapidly. thats how i see things paning out at the moment. From: Sniper Trader <snipertrader@ gmail.com> To: Technical-Investor@ yahoogroups. com Sent: Thu, October 29, 2009 3:24:08 AM Subject: Re: [Technical-Investor ] next week KKP, the trade deficit argument has flaws. Just look back from 2000-2008 where USD was weakening and then compare it with the trade deficit for that period. You are bang on with the USD rate hike vs house prices (i ll also add equities). I will also add that this time around (unlike 2008), we wont have a sharp USD rally up and a rapid fall in equity markets. Yes, equities will fall/crash but the USD will go along with it.
Also noteworthy point is, when US mkt fall x %, we fall 2x/3x %. I strongly believe we ll retest the 666 lows in S&P. I dont even want to think where NIFTY will be at ....if that happens. On Thu, Oct 29, 2009 at 8:38 AM, KKP_Investor <kkpatel1924@ gmail.com> wrote:
I agree that this is a very highly desired and anticipated dead cat bounce from a highly oversold condition. I think Fed wants to keep the $ low to pump up exports and reduce trade deficit. The trade deficit has gone down from minus 70B in 2008 (per month) to minus 30B in Aug'2009! This is the net effect of recession and also of the $.
I am welcoming this bounce, and hope it does a big enough bounce, and then it will continue on down. The bounce is helping bring down oil and gold as it usually does. So, that is also good for the moves I want to make.
There is a possibility of this bounce lasting LONGER than anyone anticipated, but I don't think it is this bounce. We might go back down, and then have another bounce later (between Dec and Jun'2010)
KKP Sniper Trader wrote: I highly doubt FED will raise the interest rate. I dont want to go into the reasons for the same as it would entail a lot of non-technical discussion. Nevertheless, it just goes to show how interlinked everything is. The mother of all liquidity driven rally might finally come to an abrupt halt. Cant wait for the spectacle. On Thu, Oct 29, 2009 at 8:15 AM, Abhijit Selukar <abhijit.selukar@ gmail.com> wrote:
Watch future fed rate... Dollar should be strengthening as the chances of FED increasing fed fund rate increases... Yest Norway also increased the interest rate... (first in eurozone) On Thu, Oct 29, 2009 at 8:11 AM, Sniper Trader <snipertrader@ gmail.com> wrote: Its called a dead cat bounce. Nothing goes down in a straight line. The USD will be gasp for air...trying to come up like a drunken sailor but trend remains down. On Thu, Oct 29, 2009 at 7:05 AM, BALASUBRAMANIAM SRIRAM <bees2365@yahoo. co.in> wrote: What happened to the Bearish USD scenario? So USD becomes Bullish? What has suddenly changed in the US for good? US strong again? Sriram
B.Sriram 4B, Skylark Apts, 6,Rutlandgate Fifth St., Chennai-600006 Ph:+91 44 28334849(Dir) /28332373( Board) Mobile:+91 98400 63145 Email:bhsppt@ gmail. com --- On Wed, 28/10/09, Sniper Trader <snipertrader@ gmail.com> wrote: From: Sniper Trader <snipertrader@ gmail.com> Subject: Re: [Technical-Investor ] next week To: Technical-Investor@ yahoogroups. com
Date: Wednesday, 28 October, 2009, 9:27 PM I too think an intermediate top is in. The tipping point IMO was the US$ index reversal/bounce. On Wed, Oct 28, 2009 at 4:41 PM, scot scot <scotland_bobby@ yahoo.com> wrote: this scenario is working wonderfull so far. From: scot scot <scotland_bobby@ yahoo.com> To: Technical-Investor@ yahoogroups. com Sent: Fri, October 9, 2009 1:07:58 PM Subject: Re: [Technical-Investor ] next week its my study of things i cant tell you in one single point sniper. but its likely and very likely. i turned bearish about a month ago not this week and thats how i am positioning myself. I am not asking anybody to joine me but if i was holding long then i would be protecting them very very carefully. From: Sniper Trader <snipertrader@ gmail.com> To: Technical-Investor@ yahoogroups. com Sent: Fri, October 9, 2009 1:00:37 PM Subject: Re: [Technical-Investor ] next week
And the reason for the crash would be? It seems a lot of ppl have turned negative this week. On Fri, Oct 9, 2009 at 5:25 PM, scot scot <scotland_bobby@ yahoo.com> wrote: i also think that we could see something like a black monday/friday type day or a day when we have a historic crash ( a major-major fall) in one single day. From: scot scot <scotland_bobby@ yahoo.com> To: Technical-Investor@ yahoogroups. com Sent: Fri, October 9, 2009 12:06:41 PM Subject: Re: [Technical-Investor ] next week
i am still clinging on to my position which is looking more and more attractive to me. having said that there is a little potential left that trade can still go against me. but on the positive side its more likely it wouldnt go too far and if it did go i will short it aggressively if that happens. it appears market forces are setting things up for a fall. From: scot scot <scotland_bobby@ yahoo.com> To: Technical-Investor@ yahoogroups. com Sent: Wed, September 16, 2009 10:21:37 AM Subject: Re: [Technical-Investor ] next week also dow futures were above 9700. markets would awards the trades on the short side. upside would be small if there happens any. i think. From: scot scot <scotland_bobby@ yahoo.com> To: Technical-Investor@ yahoogroups. com Sent: Wednesday, September 16, 2009 10:13:07 AM Subject: Re: [Technical-Investor ] next week I have initiated my short today as ftse has reached my 5100 target. From: scot scot <scotland_bobby@ yahoo.com> To: Technical-Investor@ yahoogroups. com Sent: Friday, September 11, 2009 11:04:09 AM Subject: Re: [Technical-Investor ] next week this scenario is pretty much alive and has become prominent seeing the market data. its time to go short at close. From: scot scot <scotland_bobby@ yahoo.com> To: Technical-Investor@ yahoogroups. com Sent: Tuesday, September 8, 2009 1:24:09 PM Subject: Re: [Technical-Investor ] next week i think this is how it could pan out. we hit large numbers on nifty and ftse (performing well), and dow doesnt rise above 9650. one observation i saw was dow went down from 9640 and had a 5 wave decline on hourly chart. while going down nift was close i..e dow was in wave 1, 3 and 5 and when nifty open dow futures were moving up in 2 and 4 and a-b-c correction. a-b-c correction is still underway and max probability would be that it "might" make a new revoery high. a slightly higher number. although it wouldnt happen 9550 could be max. overall i would call the correction over when ftse reaches in the range 5000-5105 which would be 50% retratacement and near 100 week moving average. at this point nifty would also be making highs (near/over 5k) and at that point in my opinon world indexes would be aligned to each other to start the move in the downward direction. it would be good entry point to engage a short position. using "law of large numbers" markets will have tendency to fall back easily to lowers 4000s than to hit mid 5000s. and negative divergences are making sure that people are taking that scenario seriously and are betting that way as well... atleast they are not closing their positions still. From: BALASUBRAMANIAM SRIRAM <bees2365@yahoo. co.in> To: Technical-Investor@ yahoogroups. . com Sent: Tuesday, September 8, 2009 12:39:23 PM Subject: Re: [Technical-Investor ] next week
I don't dispute the theory of liquidity, but, I do question this printing of currency which I very well doubt.Printing and circulating the currency is only one way of increasing the liquidity and it is a primitive one. In modern days one conducts a repo or reverse repo to achieve the objectives of increasing/decreasi ng the M3. Thanks. It was just to put records straight.
Sriram
B.Sriram 4B, Skylark Apts, 6,Rutlandgate Fifth St., Chennai-600006 Ph:+91 44 28334849(Dir) /28332373( Board) Mobile:+91 98400 63145 Email:bhsppt@ gmail. com
--- On Tue, 8/9/09, Sniper Trader <snipertrader@ gmail.com> wrote: From: Sniper Trader <snipertrader@ gmail.com> Subject: Re: [Technical-Investor ] next week To: Technical-Investor@ yahoogroups. com Date: Tuesday, 8 September, 2009, 4:53 PM This is my view and others are welcome on comment on the same. This whole rally (all world mkts) is primarily due to liquidity being pumped in as if there is no tomorrow. Helicopter Ben and Timmy G wont stop till the amazon has been run down for the want of paper to print ccy notes and food stamps. Yes there are pocket of growth due to domestic consumption and real stories....but a rally from the march lows to the current highs cant be attributed to it. The key questions is not IF but WHEN that markets will start reacting. The liquidity orgy cant go on forever. This purely a macro- economic take on things. No fancy charts or waves. PS: Gold is hitting new highs and all we hear are greenshoots and roses in the park. When was the last time this happened? On Tue, Sep 8, 2009 at 4:43 PM, scot scot <scotland_bobby@ yahoo.com> wrote: with so many indicatores throwing negative divergences and stocks/indexes hitting large round numbers, and months of large volume to begin i think we could start going lower beginning next week as that would be an option expiry week. these rally are appearing dangerous to me. and if it breaks then it could act as a decisive break marking end of the rally which has been running since march lows... would any like to join in with their comments. | Love Cricket? Check out live scores, photos, video highlights and more. Click here. | Keep up with people you care about with Yahoo! India Mail. Learn how. -- Plan Your Work and Work Your Plan to Get Ahead in 2009-2012... .. KKP Investor ------------ ------------ Bull Markets are Born on Pessimism, Bull Markets Grow on Skepticism, They Mature on Optimism, and Die on Euphoria - Sir John Templeton ------------ --------- --------- ------ Bear Markets are Born on Recessionism, Snowball on Momentum & Technical-Breakdown s, Mature on Eco-Political- Nightmare Talks, and Die on World-Is-Coming- To-An-End Euphoria - KKP ------------ --------- --------- --------- -------- >BUFFET: My rule is to be fearful when others are greedy,and be greedy when others are fearful. All day you wait for the pitch you like, then when the fielders are asleep, you step up and hit it. Stay dispassionate and be patient. First the crowd is boozy on optimism and buying every new issue in sight. The next moment it is boozy on pessimism, buying gold bars and predicting another Great Depression. Most people get interested in stocks when everyone else is jumping in. The time to get interested is when no one else is interested. You can't buy what is popular and expect to do well. ABOVE ALL: Whatever God Does, Accept that as Good; Leave Behind ALL Other Judgements/Justific ations. ------------ --------- --------- --------- --------- --------- --------- --------- --------- --------- ------- Disclaimer> Do you homework for your ownself and then invest. My ideas are not advice.
-- an investor's worst enemy is not the stock market, but his own emotions driven by greed and fear
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