Re: [sharetrading] Budget Blues

 

Law of average catches up

Sent from my BlackBerry® smartphone

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From: kk s <kumar40@hotmail.com>

Date: Thu, 28 Jan 2010 14:45:12 +1100

To: <sharetrading@yahoogroups.com>

Subject: RE: [sharetrading] Budget Blues

 

DOESNT THIS KIND OF CORRECTIONS happens once in a while. cleanig up the system of highly levearaged individual investors and HNis who take positions to the extent of 10 times their net worth???
 
And media brings in experts (so called) who come and tell u. "I said that this is going to happen" "market is headed for 4000..3700"
 
Well 200 dMA is moving up so is 89 DMA which indicates the bull market..
Such corrections do happen..just hold on to ur longs.. and ride the market..
 
regards
Kumar
 

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To: sharetrading@yahoogroups.com
From: abrahamap@airtelmail.in
Date: Thu, 28 Jan 2010 08:52:01 +0530
Subject: [sharetrading] Budget Blues

 

Today a news article appears stating that the markets have collapsed due to budget blues. How stupid as usual. Media just wants to tag all events with some tag. None of them pre-empt even a warning, rather keep harping on all hunky dory stories……….. Rather a stream of such new appearing should warn us that the market has reached a top. And when all the dreary news hits town a botoom appears. As usal retailers fear at either ends…………..

As well when such sad stories appear market seems to have reached a bottom. So friends look for entry signals………………………..

But assume to sell off into the rally as of now. Going into 5130 serious resistances will appear…………..

 

Abe

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Sell your old one fast! Time for a new car?

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