iCharts Discussions

[rk_a2003]

A quote from the movie Wall street which makes me smiles when ever I recollect it "Bulls Make Money, Bears Make Money, Pigs Get Slaughtered".

[rk_a2003]

[vinay28]

RK, notwithstanding what you have written, which is correct, we should not forget two things (a) if LIC sold about 1.6% of infy shares in march for about 2000cr, they were only booking profit for their NAV and (b) FIIs still hold large chunk (highest stake) in infy as compared to any other investor, even after yesterday's debacle.

[rk_a2003]

Here is news which explains why normal retail traders are at a great disadvantage while receiving news. It’s not possible to trade on News/Headlines. You need much more………. advance sensing capabilities.

"CNBC's Eamon Javers reports our markets may be free but may not always be fair. The FMHR traders weigh in on whether it's fair to release financial information early to a select group of paying clients."

.....Read on

http://www.cnbc.com/id/100809395

[rk_a2003]

"If I had my life to live over again,I would elect to be a TRADER of goods rather than a student of science.I think barter is a noble thing".______Albert Einstein

All of us bettered Einstein at least in one issue by choosing TRADING

[rk_a2003]

It appears to be a losing battle for RBI. How can RBI wage a lonely battle against Rupee depreciation? It’s resorting to ridicules measures which will not work in 21st century.

Our governments don’t try to reduce our dependence on crude imports by improving public transport system, by producing clean energy through renewable energy sources. We make cyclists extinct category by making no room for them on the roads. We force pedestrians to shed walking by chasing them with life threat by not providing any safe foot paths, thus forcing everyone to depend on crude imports for their commuting.

We depend more and more on imports of Gold. We don’t consider re opening closed gold mines and making them operational which can lead to employment generation and precious forex savings for our country (these mines were closed down saying producing gold from them are uneconomical, which is no more a valid reason due to multi fold rise in gold prices and with the introduction of sophisticated technology in mining).Instead we keep on increasing duties on gold which has no effect at all.

The Govt. stare helplessly when a giant company deliberately reduces gas production blackmailing for price hikes and take the whole country to ransom even though this act cost us more forex spending and results in idling of gas based power projects, fertilizer plants and other industries bringing in the crippling effect on economy.At the most they impose some fines which can not compensate fraction of the occured losses .

These are the few issues among endless measures that an Indian government could have taken up to move in the path of right direction; making ourselves self-sufficient.

When it’s a clear case of a lack of political will what a helpless RBI can do other than resorting to foolish methods of controlling outward flows.

[apka]

Right RK.

The govt. has taken no step in trying to save the wastage which occurs in food storage, transportation. All such measures including what you said about basic means of transport like cycling... help in reducing dependancy from outside. This topic is not even touched by the govt. Only 2 days back FM has said "supply side issues need to be seen for containing inflation" or something on that lines.

I really cannot believe, this chiddu and manmohan singh are from the time when India just had 2 weeks of $ reserves. At that time they opened gates for FII investment, and from last year when the PM said and I quote:

[apka]

In our country now, ONION, BEER and PETROL are of the SAME measured PRICE.

Poor's option Vs. Public luxury Vs. Public Necessity = same price.

As far as I have heard, the govt, PSU employees, use about 30% of the consumed Oil, Petrol, Diesel, etc.

Many of them travel on alternative means OR can, but the oil money = $ is being spent for them... had it not been, the consumption would be much lesser and reducing burden of buying dollars.

They haven't done anything the food rotting in warehouses, those could occupy place in the sales value or exports.

[apka]

[rk_a2003]

Watch these 3 videos approx. 1 hour each. You may find it interesting and may identify yourself with some of the traders.

It's a B.B.C production an old one.After watching please post your comments.

http://www.youtube.com/watch?v=ML4ObTeYLhg&list=PLA47D210CE9A3798E

[rk_a2003]

[pkholla]

[rk_a2003]

"Yes, CAD will not have any impact on $-Rs exchange rate. Downgrades are mere rhetoric. QE inducing, tapering and withdrawal are just myths. Crude price hike or its possibility is non-entity on exchange rate. The price movement or volume levels are just supply –demand derivatives. Manipulated by elephants and tracked by their foot prints and detected by our great chart reading skills".

What causes over supply or great demand,lack of supply or lack of demand is not our concern or I am least bothered about it. Everything can be read through charts. No need to have any awareness of earthly fundamentals or else they are not at all usefull for us because they lose the relevance by the time they reach us. This attitude is nothing but T.A determinism or else extremism.

This position prevents you from foreseeing the future. You will be able to foresee the coming fundamental changes even before they happen with proper analysis. It helps you in your T.A to have an idea of Big Picture.

These two aspects are not at all counter posing they are complementary to each other and undoubtedly fundamentals are deciding irrespective of your liking or disliking.

Just making one aspect great and ignoring, ridiculing or undermining other aspect doesn’t serve any purpose……I am really fed up with this attitude.

[rk_a2003]

"Americans believe that they will always have well-paying jobs (or a job, period), that a strong economic recovery will always follow every recession, that their paper assets and real estate will always increase in value, and that their government and central bank will always have the ability to bail them out when the nation is in financial trouble.

Never mind the fact that U.S. citizens have been enjoying these extravagant privileges because their legal-tender currency -- the U.S. dollar -- has been the world official reserve currency since 1944. The Federal Reserve can create an unlimited amount of inherently worthless fiat money -- backed by nothing but blind faith in bureaucrats -- by using its printing press or computers. Then, the central bank (and U.S. government) and corporations can ship this money to foreign countries in exchange for real goods & services! Americans as a result get to live in luxury while finding themselves increasingly unemployed. They also can pay lower taxes while living under the largest government enterprise in the world.

Anyway, because of all this financial arrogance, the U.S. debt-to-GDP ratio is at its highest level in American history, and appears to be on the verge of collapse. The consumer savings rate is at an all-time low, real estate and the stock market are far overvalued by all historical standards, and the U.S. exhibits record trade deficits and government budget shortfalls. Another Great Depression appears to be written in stone -- no matter how the politicians and central bankers try to avoid it. And unlike the last one, which occurred during the 1930s and 1940s, the U.S. dollar is not backed by gold in any way whatsoever. And unlike Japan , there is no large trade surplus to keep the fiat currency afloat.

Most Americans have never thought through what would happen to their jobs, lifestyles, and retirement plans if foreigners altogether stopped funding U.S. debt and liquidated their U.S. dollar holdings, and the dollar lost its world reserve currency status. What would happen if the dollar became practically worthless, as all fiat currencies did at some point in history?

But we Americans! they say. Were endowed by God to lead this world, and that could never happen to us!"

Well, since the world started examining it more and more and slowly moving towards alternatives, what lies ahead?!

[vinay28]

rk, the net unemployment rate may have dropped in US but it has increased in private sector, thanks to Obama. I guess, in the medium term, european markets will do better than US.