kalyan
From: Balaji Jayaraman <bctbalaji@gmail.com>
To: Technical-Investor@yahoogroups.com
Sent: Tue, 17 November, 2009 7:16:20 AM
Subject: RE: [Technical-Investor] NIFTY MONTHLY CLOSE ABV 5300....OPENS FOR 3000 Pts Upside
Déjà vu Elections'09 times!! Perhaps the Markets are climbing wall of worries?
BTW, Meredith Whitney is back with some Bearish stance.
The retail sales number for October came in better than expected, up 1.4% - it was mostly auto sales that drove the increase in October. Empire state manufacturing Index was down and it was ignored. The retail sales numbers are a better measure of consumer confidence than polls like the Michigan Sentiment Survey (MSS), especially when people are making long-term commitments like car purchases. We can attribute the bullish bias in the stock market to rising expectations for holiday spending.
Let's wish for a Good Christmas and Prosperous/Wealthy New Year 2010. Good Luck,
Rgds/Balaji
From: Technical-Investor@ yahoogroups. com [mailto: Technical-Investor@ yahoogroups. com ] On Behalf Of chockkalingam n
Sent: Tuesday, November 17, 2009 6:56 AM
To: Technical-Investor@ yahoogroups. com
Subject: Re: [Technical-Investor ] NIFTY MONTHLY CLOSE ABV 5300....OPENS FOR 3000 Pts Upside
| My only concern is whenever the market goes up volumes are dismal.
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