Trading Strategies Using Technical Analysis

Which date should the meet be held?

  • February 27th 2011

    Votes: 19 59.4%
  • March 6th 2011

    Votes: 8 25.0%
  • March 13th 2011

    Votes: 5 15.6%

  • Total voters
    32
  • Poll closed .

gauharjk

Well-Known Member
Marc Faber was on CNBC today... Says India could see a 20% correction this year... :(
 

SwingKing

Well-Known Member
Marc Faber was on CNBC today... Says India could see a 20% correction this year... :(
Marc Faber had also said in 2010 that S&P would be unable to take out April 2010 High of 1217.2. Look where it is today.

Bottomline: No one drives the market. Neither Mr. Faber, nor Mr. Somebody. Like our's, even his opinion can be wrong.

Trust your analysis.

Tc
 

alroyraj

Well-Known Member
Marc Faber was on CNBC today... Says India could see a 20% correction this year... :(
As if we needed to listen to all the negativity.Okay perhaps if you plan to short for some few points with Sl,then okay. But if you are a long type of trader and then seeing such type of news paralyses you better to avoid reading such news. Most foreign analysts are hoping for a good correction in order to enter again. So our views actually do not match theirs.
 
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Marc Faber had also said in 2010 that S&P would be unable to take out April 2010 High of 1217.2. Look where it is today.

Bottomline: No one drives the market. Neither Mr. Faber, nor Mr. Somebody. Like our's, even his opinion can be wrong.

Trust your analysis.

Tc
Exactly, he said that S&P would breach 950 and would like to enter if it comes to 900 levels. At that time S&P was trading at around 1100 levels and S&P formed a bottom at 1020 levels and is headed for 1300 levels. Nasdaq is only 50 points away from hitting 2007 highs.
 

SwingKing

Well-Known Member

VJAY

Well-Known Member

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