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.

TSUNAMI AGAIN IN WALL STREET

Huge selling in US has followed up with Asian markets crashing too, supports will vanish again today. The above chart gives us a app. targets below where the markets should take support. 3850 zone ,3790( old low) and below 3680 then holds the key to this unprecedented deluge caused due to total collapse of US financial giants.. The DTI is still pointing strong sell lets see where it takes us..2 gone, 1 bailed out , 2 struggling, what more can be bad...all bad news has come in droves..CRUDE /GOLD moving up..A very heady cocktail for disaster.For brave hearts again, buying a little in extreme panics has always given dividends, as this is a real one way road so far..SELL/SELL/SELL, but trade with your risk appetite only as conditions are really bleak.REMEMBER TODAY WILL BE THE 8TH DAY OF CONTINUOUS FALL.cheers and best of luck .