Sensex

Tuesday, February 09, 2010

Re: [Technical-Investor] Fwd: USD INR - Rupee

 

Abhijit boss
 
INR 91 i will be rich man
 
i have USD 100 CASH WITH ME.
 
REG.
 
Yogi


From: Abhijit Selukar <abhijit.selukar@gmail.com>
To: Technical-Investor@yahoogroups.com
Sent: Mon, 8 February, 2010 11:13:07 PM
Subject: Re: [Technical-Investor] Fwd: USD INR - Rupee

 

KKP,
you scared the hell out of me.
Just for the moment i thought you posted the INR target as 91 :)

On Mon, Feb 8, 2010 at 11:07 PM, KKP_Investor <kkpatel1924@ gmail.com> wrote:
 

http://stockcharts. com/h-sc/ ui?s=$USD&p=D&yr=0&mn=4&dy=0&id=p36023194694

It is looking better and better everyday, but I am hoping for a small pullback to support so that the move is orderly.  If not, then we will get to the 91 target.

81 is a good resistance, so a pullback will come.  There is a lot of speculation, long and short positions with USD, hence I would see the volatility to continue and as a result an orderly movement to the target. 

KKP


On 2/8/2010 7:50 AM, YOGI wrote:
 
to me a greater falll has to come after this bounce back.
 
kaprey uttar jayegey
 
i also read Rohit, tyo me he makes lot of sense.
 
dollar index is also rising.
 
once above 81 it can to 91.
 
and liquidity has craeted this high, once that is gone
 
where will market go.
 
regards
 
Yogi

From: Ray Seth <rayseth@gmail. com>
To: Technical-Investor@ yahoogroups. com
Sent: Mon, 8 February, 2010 6:58:38 PM
Subject: [Technical-Investor ] Fwd: USD INR - Rupee

 

Can someone offer a view here?

========

Bounce or no bounce in markets the Rupee has broken out of a falling
wedge in Wave C
of an expanding flat. This marks the end of wave 2 and start of wave
3. The pattern for wave
2 is text book elliott form so this is the most confident wave chart I
have in my pocket.
No one can convince me otherwise except a fall in price below the
recent low of 45.
I have not seen such a perfect wave chart since 2002-2003, when stocks
were making wave
2 patterns at the beggining of the bull market in equities, so you
know what I mean.
Price has already broken out of the falling wedge so a multi-month
depreciation of the rupee
against the dollar has started. For its strong correlation with equity
markets since Y2K that
should be the most bearish sign for the time being. A conservative
target would be 61
expecting wave 1 and 3 to be equal in size however wave 3 is usually
1.618 times in a bull market
if not more so target 61 or higher.

--
~~~~~~~~~~~~ ~~~~~~~~~ ~~~~~~~~~ ~~~~~~~~~ ~~~~~~~~~ ~~~~~
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studying mass social behaviour and its role in forecasting
the evolution of mankind. Thanks Robert Pretcher for
keeping his theories alive and kicking.

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--  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.       



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