Sunday 29 April, 2007

Media Blunders...

Here are a few media goof-ups I've come across in the last few months... One, hardly expected whereas the other one, highly expected... Have a look...

1. Moneycontrol.com website (Jan 07)

Poll Question: What is your trading strategy?

Choices for answer: a) Yes b)No c) Can't Say?

Now Come on... Even Udayan Mukherjee, who is generally very good at shooting impeccably obvious answers to equally obvious questions cannot answer this one ;-)... Or [;)] (Now, that's a lot of orkutting)

2. Zee News (July 06)
The news anchor was openly addressing former Maharashtra CM and now MP, Mr. Manohar Joshi as senior BJP leader 'Mr. Murli Manohar Joshi'. What can I say about this one? I am uploading the video which I could fortunately record...



Sunday 22 April, 2007

Talking money... For a change...

After losing some money during my last few investments in the market, I've been reading some stuff about TA and FA in capital markets.

This is the best article describing 'Dow Theory' I have come across till now:
Check out here

This is another TA article which throws some light on the 'Elliot Wave Theory':
Check out here

Anticipating Nifty



Applying the Dow stuff to Nifty charts, we can see that there seems a Secondary Bearish move inside the overall Bullish Primary move. However, instead of eating into around half of the gains of the last move, Nifty has broken previous low during last correction. This means that though the market has almost recovered from the last correction, a further downside is possible in the Nifty in the medium to long term. It may possibly mean the end of the Primary Bullish move. Any how, TA tells me not to take any new positions at this time and wait for further signals.