3RD BINGO! DOWN JONES REACHED OUR FIRST TARGET OF 11110

ON 11.08.11 WE RECOMMENDED TO LONG DOW JONES AT CMP OF 10800 WITH A STOPLOSS OF 10600 FOR A TARGET OF 11110, 11388 AND 11668. OUR FIRST TARGET OF 11110 ACHIEVED YESTERDAY. BINGO AGAIN!

WHETHER DOW JONES INDUSTRIAL AVERAGE MADE A DOUBLE BOTTOM?

IN OUR OPINION DOW JONES INDUSTRIAL HAS MADE A DOUBLE BOTTOM FORMATION AT 10604 LOW MADE ON 09.08.11 AND SECOND BOTTOM AT 10686 MADE ON 10.08.11. WE THINK THAT THE WORST IS BEHIND US FOR BOTH U.S. AND INDIAN MARKETS.

IN OUR OPINION ALL THE WORST THAT COULD HAPPEN TO U.S. HAS BEEN PRICED i.e. DOWNGRADING OF U.S. BY S&P AFTER 75 YEARS, QE3 MAY NOT BEEN COMING IN THE NEAR TERM, UNEMPLOYMENT AT ALL TIME HIGH ETC.

AS FAR AS OUR INDIAN MARKETS R CONCERNED RATE OF INTEREST R NEAR PEAK LEVELS. RBI WILL THINK TWICE BEFORE RAISING MORE RATE OF INTEREST IN FUTURE, SINCE GROWTH HAS STARTED FALLING DOWN. INFLATION IS NEAR PEAK LEVELS. CRUDE IS FALLING WHICH MIGHT HELP INDIA IN THE NEAR TERM ETC.

THEREFORE, FOR U.S. MARKETS U CAN LONG DOW JONES AT CMP OF 10800 WITH A STOPLOSS OF 10600 FOR A TARGET OF 11110, 11388 AND 11668. IN RESPECT OF INDIAN MARKETS, WE WOULD LIKE TO SAY THAT U CAN PUT IN AT LEAST 25% OF THE MONEY IN THE COMPANIES U LIKE AND ADD MORE ABOVE 5350 NIFTY LEVELS. NIFTY HAS THE TARGETS OF 5234, 5288 AND 5333 IN THE NEAR TERM.

DOW JONES IND. AV. SUPPORT SEEN AT 11060 AND 10860

SUPPORT IN DOW JONES SEEN AT 11060. HOWEVER, LAST SUPPORT IN DOW JONES IS AT 10860. DOW IS CURRENTLY TRADING AT 11144 AND IF DOW HOLDS 10800 ON CLOSING BASIS, THEN NEXT TARGETS R 11422, 11688 AND 11838.

AS PREDICTED BY US BRAZIL BOVESPA FALLEN TO 67728

ON 09.11.10 WE PREDICTED THAT THE LAST SUPPORT FOR BRAZIL BOVESPA INDEX IS 69000. IF IT BREAKS THEN BRAZILIAN INDEX COULD FELL ALL THE WAY TO 67000 AND THEN 64500.

SHANGHAI HAS LONG TERM TARGET OF 3440, 3950 AND 4500

SHANGHAI HAS FELL FROM ITS LAST HIGH OF 3181 MADE ON 15.04.10. NOW IT HAS MADE A HIGH IF 3187 ON 11.11.10. SHANGHAI HAS MADE PERFECT REVERSE HEAD AND SHOULDER FORMATION(SEE CHART) FROM WHERE IT HAS STARTED ITS RALLY i.e. 2575 MADE ON 20.09.10. THE REVERSE HEAD AND SHOULDER HAS TARGET OF 4500 AND 6000.

SHANGHAI HAS SUPPORT AT 2950 AND 2880

SHANGHAI INDEX HAS SUPPORT AT 2950, 2880 AND 2800. LAST SUPPORT IS AT 2700. AS PER OUR ANALYSIS IF LAST SUPPORT OF 2800 SHANGHAI HOLDS THEN IT CAN SCALE BACK TO 3200.

LAST SUPPORT FOR BRAZIL BOVESPA IS 69000

THE LAST SUPPORT FOR BRAZIL BOVESPA INDEX IN 69000. IF IT BREAKS THEN BRAZILIAN INDEX COULD FELL ALL THE WAY TO 67000 AND THEN 64500.

SHANGHAI AT 3000

ON 15.09.10 WE RECOMMENDED SHANGHAI AT 2688 WITH A STOPLOSS OF 2350 FOR A TARGET OF 3440 IN 6-9 MONTHS. NOW SHANGHAI IS AT 3000. EVERY ANALYIST IN THE WORLD WERE BEARISH ON CHINA WHEN WE RECOMMENDED TO BUY IT. SEE WHERE THE INDEX OF CHINA NOW STANDS AT. WAIT FOR THE FIRST TARGET TO ACHIEVE.

DOW TOUCHED THE HIGH OF 11032 ON 08.10.10

TODAY DOW TOUCHED THE HIGH OF 11032, THUS MEETING OUR TARGET OF 11040 GIVEN ON 01.09.10. NOW NEXT TARGET FOR DOW WILL BE 11725 WITH A REVISED STOPLOSS FROM 9850 TO 10600. SEE U.

DOW ALMOST REACHED OUR FIRST TARGET OF 10620

DOW TOUCHED THE HIGH OF 10588 ON 14.09.10. ALMOST MEETING OUR FIRST TARGET OF 10620 RECOMMENDED BY US ON 01.09.10 WHEN DOW WAS 10012 WITH A STOPLOSS OF 9850 FOR A TARGET OF 10620 AND 11040.BINGO! BIG BOSS 4!

SHANGHAI HAS A TARGET OF 3440 WITH A STOPLOSS OF 2300

SHANGHAI INDEX CURRENTLY AT 2688. IT HAS THE TARGET OF 3440 IN THE 6-9 MTHS WITH A STOPLOSS OF 2300.

DOW TARGET R 10620 AND 11040 WITH A STOPLOSS OF 9850

AS PER OUR ANALYSIS DOW TARGET R 10620 AND 11040 IN THE NEAR WITH A STOPLOSS OF 9850.(SEE CHART)

STOPLOSS OF DOW TRIGERRED

STOPLOSS OF 10100 IN DOW TRIGERRED.

DOW TARGETS R 10590 AND 10860

WITH A STOPLOSS OF 10100 THE TARGET FOR DOWJONES R 10590 AND 10860.