gold: forecast: tgt 1540+.. target achieved. high so far 1560
crude oil( nymex) : tgt 115 usd. target achieved. high so far 115!
spx : forecast : 1370 .target achieved. high so far 1370!
nifty: the day lic hsg finance fell, i said that the a long frustrating consolidation has begun.
the index will now frustrate the long and the short both and oscillate between everyone 's expectations.it hasnot broken the previous low but will do so .stocks are being battered left right and centre which is and will be the cause of all frustrations.
it is difficult to provide a concrete wave label to the current scenario .
Last 3-4 years have been very eventful for the indian and financial markets.a startling bear followed by a dazzling bull.
but taking a lead from sports, all good players say in cricket know that they must leave and defend their wicket and life on good balls and wait patiently since loose favourable balls will come every now and then
a good trader /investor must invest when the odds are in favour. They are not so right now.it is very easy to loose money in this market.So my current stand is to stay aside and chill.
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