Tata Tea is approaching short-term top

by | Dec 11, 2008 | Indian Stocks Trading

When Tata Tea reached the 430 level a few days back, it was clearly time to buy. Not only was the overall market in an oversold condition, this particular stock had reached a 123.6% Fibonacci projection of its previous large decline. From the 430 area, we have already...

Where should we exit GM?

by | Dec 9, 2008 | US Stocks outlook

I am quite sure that many traders have gone long on GM expecting a nice rally once the bailout details emerge. Question is, where should we take profits? Take a look at the attached chart. You will see two tops back in mid October. That is your crucial level for now....

Love of gold

by | 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)...

Gold is doing its final lap

by | Oct 8, 2008 | Gold

Quite a few investors and traders whom I know have been betting big on Gold. For them, this post should should serve as an early warning of what is to come. Once the current strength wanes, the metal will simply fall off a cliff. The sell-off will be both swift and...