global protests reach india/china

The relentless wave is on. Fear it.

(QE magic)

http://www.bbc.co.uk...h-asia-12549050

http://www.nytimes.c...ia/24china.html

Edited by andiron, 23 February 2011 - 06:27 PM.

http://www.ft.com/cm...l#axzz1EmeVa02f

Those cowards need to go on street themselves in China, not just barking across the ocean to encourage others to do so.

Very difficult for china to have internal strife right now.. Nationalism running rampant there. I am nearly positive that the chinese government would rather start a war with Taiwan, India, Russia, whoever than suffer internal unrest.

The relentless wave is on. Fear it.

(QE magic)

http://www.bbc.co.uk...h-asia-12549050

http://www.nytimes.c...ia/24china.html

Where's that Tor guy who said "Bring on the anarchy !". Oh wait, he must be sitting in the cafe, sipping his Cappuccino and watching the protests.

As for protests the politicians in India have learn't over 100 of years on how to deal with it - some subsidized wheat and rice, cheap liquor, and some populist welfare schemes should do the trick. There will be some pockets of maoist uprising once in a while. But a non-issue overall. China as usual will deal with a oppressive heavy hand.

But the implications of the welfare measures/higher interest rates would mean more fiscal deficits and a slower GDP. India's stock market has already had a close a 18% haircut. Chinese manufacturing index hit a 7 month low and close to heading into contraction. Dr Copper has started discounting it. Global slowdown has started.

Edited by NAV, 23 February 2011 - 09:21 PM.

The relentless wave is on. Fear it.

(QE magic)

http://www.bbc.co.uk...h-asia-12549050

http://www.nytimes.c...ia/24china.html

Where's that Tor guy who said "Bring on the anarchy !". Oh wait, he must be sitting in the cafe, sipping his Cappuccino and watching the protests.

As for protests the politicians in India have learn't over 100 of years on how to deal with it - some subsidized wheat and rice, cheap liquor, and some populist welfare schemes should do the trick. There will be some pockets of maoist uprising once in a while. But a non-issue overall. China as usual will deal with a oppressive heavy hand.

But the implications of the welfare measures/higher interest rates would mean more fiscal deficits and a slower GDP. India's stock market has already had a close a 18% haircut. Chinese manufacturing index hit a 7 month low and close to heading into contraction. Dr Copper has started discounting it. Global slowdown has started.

Nav, whats your opinion on the NSE going forward. Do you think the highs for the next 2 yrs or so have been seen? Do you think we see lower in the range of 4800-4200 or so on Nifty?

Frankly I do based on EWT, momentum, weekly trend etc..just wanted to hear your thoughts as well..

I would appreciate it if you could share your count on Nifty as well since I know you trade there as well..

Best

The relentless wave is on. Fear it.

(QE magic)

http://www.bbc.co.uk...h-asia-12549050

http://www.nytimes.c...ia/24china.html

Where's that Tor guy who said "Bring on the anarchy !". Oh wait, he must be sitting in the cafe, sipping his Cappuccino and watching the protests.

As for protests the politicians in India have learn't over 100 of years on how to deal with it - some subsidized wheat and rice, cheap liquor, and some populist welfare schemes should do the trick. There will be some pockets of maoist uprising once in a while. But a non-issue overall. China as usual will deal with a oppressive heavy hand.

But the implications of the welfare measures/higher interest rates would mean more fiscal deficits and a slower GDP. India's stock market has already had a close a 18% haircut. Chinese manufacturing index hit a 7 month low and close to heading into contraction. Dr Copper has started discounting it. Global slowdown has started.

Nav, whats your opinion on the NSE going forward. Do you think the highs for the next 2 yrs or so have been seen? Do you think we see lower in the range of 4800-4200 or so on Nifty?

Frankly I do based on EWT, momentum, weekly trend etc..just wanted to hear your thoughts as well..

I would appreciate it if you could share your count on Nifty as well since I know you trade there as well..

Best

Stick a fork in Nifty. I have daily/weekly/monthly sell signals in Nifty. I posted here in Nov that a major top has been made. There's a very remote chance that Nifty may test 6200 (25% odds). Barring that remote event, we are headed to 3800 or possibly lower over the LT (within a year). There's been massive liquidation from Foreign institutional investors over the last 3 months in the Indian market.

Edited by NAV, 24 February 2011 - 02:03 AM.

The relentless wave is on. Fear it.

(QE magic)

http://www.bbc.co.uk...h-asia-12549050

http://www.nytimes.c...ia/24china.html

Where's that Tor guy who said "Bring on the anarchy !". Oh wait, he must be sitting in the cafe, sipping his Cappuccino and watching the protests.

As for protests the politicians in India have learn't over 100 of years on how to deal with it - some subsidized wheat and rice, cheap liquor, and some populist welfare schemes should do the trick. There will be some pockets of maoist uprising once in a while. But a non-issue overall. China as usual will deal with a oppressive heavy hand.

But the implications of the welfare measures/higher interest rates would mean more fiscal deficits and a slower GDP. India's stock market has already had a close a 18% haircut. Chinese manufacturing index hit a 7 month low and close to heading into contraction. Dr Copper has started discounting it. Global slowdown has started.

Nav, whats your opinion on the NSE going forward. Do you think the highs for the next 2 yrs or so have been seen? Do you think we see lower in the range of 4800-4200 or so on Nifty?

Frankly I do based on EWT, momentum, weekly trend etc..just wanted to hear your thoughts as well..

I would appreciate it if you could share your count on Nifty as well since I know you trade there as well..

Best

Stick a fork in Nifty. I have daily/weekly/monthly sell signals in Nifty. I posted here in Nov that a major top has been made. There's a very remote chance that Nifty may test 6200 (25% odds). Barring that remote event, we are headed to 3800 or possibly lower over the LT (within a year). There's been massive liquidation from Foreign institutional investors over the last 3 months in the Indian market.

Only hitch is every technician worth his salt is looking for that gap fill, but I would say that this scenario is very much possible by May-June, and this will be second opportunity after Mar'09 low to buy for a roaring bull market. But focus right now should be riding this bear, which has been smooth till now and should continue without much hitch to 4800 at which point you make plans for next down leg. Metals and IT in Nifty are due for good correction , so you can short some of these names like Hindalco, Tata Steel, HCL Tech, Infosys, TCS

The relentless wave is on. Fear it.

(QE magic)

http://www.bbc.co.uk...h-asia-12549050

http://www.nytimes.c...ia/24china.html

Where's that Tor guy who said "Bring on the anarchy !". Oh wait, he must be sitting in the cafe, sipping his Cappuccino and watching the protests.

As for protests the politicians in India have learn't over 100 of years on how to deal with it - some subsidized wheat and rice, cheap liquor, and some populist welfare schemes should do the trick. There will be some pockets of maoist uprising once in a while. But a non-issue overall. China as usual will deal with a oppressive heavy hand.

But the implications of the welfare measures/higher interest rates would mean more fiscal deficits and a slower GDP. India's stock market has already had a close a 18% haircut. Chinese manufacturing index hit a 7 month low and close to heading into contraction. Dr Copper has started discounting it. Global slowdown has started.

Nav, whats your opinion on the NSE going forward. Do you think the highs for the next 2 yrs or so have been seen? Do you think we see lower in the range of 4800-4200 or so on Nifty?

Frankly I do based on EWT, momentum, weekly trend etc..just wanted to hear your thoughts as well..

I would appreciate it if you could share your count on Nifty as well since I know you trade there as well..

Best

Stick a fork in Nifty. I have daily/weekly/monthly sell signals in Nifty. I posted here in Nov that a major top has been made. There's a very remote chance that Nifty may test 6200 (25% odds). Barring that remote event, we are headed to 3800 or possibly lower over the LT (within a year). There's been massive liquidation from Foreign institutional investors over the last 3 months in the Indian market.

Thanks NAV...Makes me more comfortable with my position

$cnxn...........nifty index........support@5307..........5177

The relentless wave is on. Fear it.

(QE magic)

http://www.bbc.co.uk...h-asia-12549050

http://www.nytimes.c...ia/24china.html

Where's that Tor guy who said "Bring on the anarchy !". Oh wait, he must be sitting in the cafe, sipping his Cappuccino and watching the protests.

As for protests the politicians in India have learn't over 100 of years on how to deal with it - some subsidized wheat and rice, cheap liquor, and some populist welfare schemes should do the trick. There will be some pockets of maoist uprising once in a while. But a non-issue overall. China as usual will deal with a oppressive heavy hand.

But the implications of the welfare measures/higher interest rates would mean more fiscal deficits and a slower GDP. India's stock market has already had a close a 18% haircut. Chinese manufacturing index hit a 7 month low and close to heading into contraction. Dr Copper has started discounting it. Global slowdown has started.

Nav, whats your opinion on the NSE going forward. Do you think the highs for the next 2 yrs or so have been seen? Do you think we see lower in the range of 4800-4200 or so on Nifty?

Frankly I do based on EWT, momentum, weekly trend etc..just wanted to hear your thoughts as well..

I would appreciate it if you could share your count on Nifty as well since I know you trade there as well..

Best