power house for nifty technicals and stock market fundamentals with charts and technicals.
Friday, September 19, 2008
WHAT A RALLY ALL OVER
SHORTS had no place to hide in the globe..all the so called dooms day prophets just went on vacation today. The global bid to stem the rot/ Fed/EU/Japanese injection of billions of dollars, Ban on short selling specially of financial shares in England etc sent a strong message of the intension..DOW futures are positive again and will rock tonite..all losses of the week are recovered..in India our weekly close was higher than the open, giving a marginally bullish signal for a few days more.All brave hearts would have gained handsomely..though i was surprised some experts giving bearish /short calls or telling all not to buy anything as deeper is there, and instead of 35-3600 we are at app.4308, my target..where do we go next week, lets enjoy the profits and see about it during the weekend..cheers..
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