Thursday, September 18, 2008

WHAT A ROLLER COASTER RIDE

Amazing but true, twice in this week the markets covered their huge falls in a surgical/swift manner.taking support at 3799( above last low of 3790), i had written in july in VFM Direct, It will be very difficult to break MAY'07 TOP OF 3774..still holding my friends despite huge bearish calls then and now too..crossed 3850 headed staright for 3920 & above it just went beserk to end the day at the top at 4043..(hope the chart posted in morning helped.)..Does this mean we are out of the woods..DEFINITELY NO, theres still lots of problems in the finacial world and lots of bear market, time wise....we ran up as it looked a bit too overdone and goverments world over also tried to intervene to stop this one way spiral. SOMEONE IS BUYING last 4 days in every fall, they should be institutional /big buyers/smart money who were in cash..MY CALL OF BRAVEHEARTS TO BUY would have paid very rich divedends. today and later too.thats markets my friends...enjoy the ride but be sensible and brave..WHAT NEXT..????will ponder tonite..do check tomorrow morning..cheers.

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