At least there are few media channels talking truth about the current economic situation rather than growth story.There is a mismatch about the fundamental of economy tracking data to the current media propaganda as media is in the hands of a few elite people who wants to suppress the true story of economy, And diverting minds of mass towards other entertainment channel minutes.
Anyway the following must-see 60 Minutes segment further highlights the deteriorating economic conditions across the United States.
Tuesday, November 29, 2011
Sensex Technicials
If the recent low is not broken we might see this up move extending towards the resistance line of the channel. That is how price has behaved in this channel so far, so the cycle may get repeated again. But a word of caution for bulls is that price has not hit the channel bottom yet.
Watch out :
15800 is key support going back in 2009,And voilating those levels below on closing basis around 15300 will be carnage on sensex.
Around these levels we have vacuum levels that needs to fill.So expect the unexpected price levels on sensex.When it hits around 10000 levels then its best time to load up on consumer cyclicals,Agri, metal and mining.
Previous Post : http://gamatraders.blogspot.com/2011/06/market-correction-or-collision-course.html when sensex was close to 19,000 and Nifty 5500 levels.
Good Luck Happy Trading.
Watch out :
15800 is key support going back in 2009,And voilating those levels below on closing basis around 15300 will be carnage on sensex.
Around these levels we have vacuum levels that needs to fill.So expect the unexpected price levels on sensex.When it hits around 10000 levels then its best time to load up on consumer cyclicals,Agri, metal and mining.
Previous Post : http://gamatraders.blogspot.com/2011/06/market-correction-or-collision-course.html when sensex was close to 19,000 and Nifty 5500 levels.
Good Luck Happy Trading.
American Airlines Chap 11
American Airlines filed for the bankruptcy.Hope this might be news for people following the media but guyz whose following the real data its past event repeating on TV sets.
Bankruptcy, Chap 11, default........these are only possible in debt based economies which is totally a monetary phenomena. Central bankers in west are trying to save banks instead of economy but did they ever addressed about the real problems ?? Never and they keep the printing press running along with digital money flowing with full force, Which will only delay the current problems more in future rather than tackling right now.There will be a full blown crisis which is brewing in the face of US and Europe now, And I hope we will see a imminent DE-leveraging in paper assests which will not only sink banks this time but also major economies with it.
I'm still sticking to my words on Bank Of America post.Okay now lets see the data on American Airlines
Bankruptcy, Chap 11, default........these are only possible in debt based economies which is totally a monetary phenomena. Central bankers in west are trying to save banks instead of economy but did they ever addressed about the real problems ?? Never and they keep the printing press running along with digital money flowing with full force, Which will only delay the current problems more in future rather than tackling right now.There will be a full blown crisis which is brewing in the face of US and Europe now, And I hope we will see a imminent DE-leveraging in paper assests which will not only sink banks this time but also major economies with it.
I'm still sticking to my words on Bank Of America post.Okay now lets see the data on American Airlines
Subscribe to:
Posts (Atom)