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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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Post: #121  Posted: Wed Feb 06, 2013 10:15 am Post subject: |
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| I'm hearing that USD/JPY targets of 102...Quite possible.. |
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apka
Black Belt
Joined: 13 Dec 2011
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| Post: #122 Posted: Wed Feb 06, 2013 10:19 am Post subject: |
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| stevenmat wrote: | | I'm hearing that USD/JPY targets of 102...Quite possible.. |
what will that do to us dollar index? where USD/JPY has impact for us? i know its good for maruti |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #123 Posted: Wed Feb 06, 2013 10:27 am Post subject: |
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| stevenmat wrote: | | I'm hearing that USD/JPY targets of 102...Quite possible.. |
94-95 range could give good resistance......but if you look at the long term chart of JPY, you wont be surprised to see these targets for that pair(USD/JPY). In the very long run, even 120 could be possible. Above all, dollar index can only go stronger from here, I feel.....till now, it was only the weakness of YEN....now there is strength in Dollar, which will push the levels to much higher levels...so I'm not surprised at 102 target...the only thing which is surprising is the time it is taking for these currencies to go up or down....it shows the fragility of the currencies or the manipulations happening.....I had mentioned about this a few weeks back that USD/JPY is going up and down as if it is a stock or commodity....  |
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stevenmat
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Joined: 27 Dec 2011
Posts: 478
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| Post: #124 Posted: Wed Feb 06, 2013 10:29 am Post subject: |
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Experts your view...
Recently i heard that low levels of VIX means that the market has reached a top/almost topping out....and high levels of VIX is an indicator of a bottom..
Is this true ??
yes/no ? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #125 Posted: Wed Feb 06, 2013 10:40 am Post subject: |
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| stevenmat wrote: | Experts your view...
Recently i heard that low levels of VIX means that the market has reached a top/almost topping out....and high levels of VIX is an indicator of a bottom..
Is this true ??
yes/no ? |
You just need to compare the VIX vaues with corresponding market action to see it, Steven....if you check it, you'll find that the lowest values of VIX doesn't always coincides with highest point of the market or vice versa. HOWEVER, extremely lower VIX compared to historical averages are considered to be caused by Complacency and the extreme high VIX readings compared to historical averages are considered to be out of Fear. Both are used by the contrarian traders.
NOTE: For example, CBOE VIX is almost trading much lower now compared to their historical averages...I consider it as complacency.....in my opinion its only a matter of time, before you'll see the VIX spiking to much higher levels....it could be because of some casualties from the companies side...or could be because of some economic disasters (like credit default or bankruptcy)....anyway, just wait and watch how CBOE VIX behaves in the next few weeks...Yesterday's close is around 14.3 (yea, very much like the VIX here in our markets )....  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #126 Posted: Wed Feb 06, 2013 10:40 am Post subject: |
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| stevenmat wrote: | Experts your view...
Recently i heard that low levels of VIX means that the market has reached a top/almost topping out....and high levels of VIX is an indicator of a bottom..
Is this true ??
yes/no ? |
I think VIX is related to volatility, volatility can increase or decrease at all levels . Apkaji will be best to comment on this.  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #127 Posted: Wed Feb 06, 2013 10:47 am Post subject: |
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apkaji? ye kaun naya aadmi? 
sam, yu haven't answered my specific question.  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #128 Posted: Wed Feb 06, 2013 11:02 am Post subject: |
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| vinay28 wrote: | apkaji? ye kaun naya aadmi?
sam, yu haven't answered my specific question. |
I did, Vinay....please check it again....by the way, I didn't specify any levels.....by that, I was telling you indirectly that I'm not gonna buy anytime soon.... |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #129 Posted: Wed Feb 06, 2013 11:08 am Post subject: |
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| vinay28 wrote: | | apkaji? ye kaun naya aadmi? |
After gaining brown belt he deserves some respect. I wonder how Taxmann will address him when he joins band of black belt jedi masters!
Prakash Holla |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #130 Posted: Wed Feb 06, 2013 11:09 am Post subject: |
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| so sam, will you buy, say, once we see a weekly close above 6160? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #131 Posted: Wed Feb 06, 2013 11:26 am Post subject: |
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| vinay28 wrote: | | so sam, will you buy, say, once we see a weekly close above 6160? |
Vinay, when I said "I wont buy" I didn't mean that I'll avoid buying altogether. I have been buying in between my short trades. For example, I might buy a stock, if I really feel that it is very attractive.....but the number of stocks looking extremely attractive will be pretty less.....yes, there will be many stocks you can go long irrespective of the market conditions because of their inner strength. But those kinda opportunities will be very very less. Its like finding selling opportunities in a bullish market. You'll find it difficult to SELL in a bullish market, because the opportunities will be less. Similarly, I don't see too much buying opportunities at this point of time.....most of the opportunities I see are on the SELL side....it doesn't mean that there aren't any buying opportunities, but its extremely easy to find selling opportunities at this point of time.... ....so, even when at 6160, I'll still be looking for selling opportunities which might restrict my success ratio of my trades (because of going against any trend)....but at this point of time, I'm not comfortable going long GENERALLY...... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #132 Posted: Wed Feb 06, 2013 11:29 am Post subject: |
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| hmmmm |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #133 Posted: Wed Feb 06, 2013 12:34 pm Post subject: |
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| Is there any issue with the Future trading on NSE? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #134 Posted: Wed Feb 06, 2013 1:19 pm Post subject: |
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| taxmann50 wrote: | | Is there any issue with the Future trading on NSE? |
nothing, as far as I'm aware of.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #135 Posted: Wed Feb 06, 2013 1:21 pm Post subject: |
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| Market is trading around 5960 levels...I wont see a bounceback in the second half of this session....I mean from here onwards.....I wont suggest going long....cos, its not a buying opportunity, I feel....anyway, some buying can be expected if we go down further.....let's wait and see...current rate is around 5962 |
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