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22nd October, 2008

Long Wait for the Morning

So much for the rally! After a few days of relative calm, suddenly, the Asian markets got the jitters. This led to steep declines in the Nikkei, then to the

22nd October, 2008

UK wealth management firm goes bankrupt.

Careful with your money, please. This theme has been covered in my blog many times. Avoid brokers who trade for themselves, indulge in a host of other activities beyond broking.

21st October, 2008

A trading range may be developing.

As the Nifty closes higher, there is some reason to expect that 3050 may have become a short term low. Yet, the risk of a further decline is also high.

21st October, 2008

Probably a short term low is in place.

The good news is that the market may have seen at least a short term low on Friday, Ocotber 17. If this analysis is correct, then over the next few

20th October, 2008

How Low is Low ?

Short term trading is about momentum. In fact, even investing is a lot about long term momentum, but we will leave that issue for now. If we assume that the