by Ramki | Oct 13, 2008 | Jpy
Sooner or later we are going to get a corrective bounce in USD/YEN. But the downtrend is still strong and we should be willing to try shorts at key levels. If we surge higher today, then you can sell above 101.70 with stops at 101.88. If the move happens tomorrow,...
by Ramki | Oct 12, 2008 | Gold
Sometimes we celebrate too soon. I could be faulted for that vanity quite soon. But the signs are all there. A recovery to very near the resistance at $940 followed by a $90 drop in a single session can only suggest that (a) there are no fresh buyers out there and (b)...
by Ramki | Oct 12, 2008 | Indian Stocks Trading
Can India be immune to what is happening elsewhere in the world? The answer is a resounding no. Last week the benchmark index or the “Sensitive Index of the Bombay Stock Exchange” crashed to 10,239. bloodbath This level is about 2,000 points below my target for the...
by Ramki | Oct 11, 2008 | S&P500
All you have to do is to search in Google (< click here) and you will see a lot of people talking about market bottoms. Let me share with you a secret. If there is one single reason why I have lost money on some of my trades, it is because I had this vain notion of...
by Ramki | Oct 9, 2008 | Euro
We have had a fairly straight forward decline in the EUR/USD from 1.4565 area. All corrections till recently have been quick and relatively simple in structure. This means the time is ripe for a complex correction. The euro has been doing precisely this, undergoing a...
