Monthly Archives: March 2009

EMERGING FOREX - II

The best way to look at the connection between Forex and Equity markets would be to look at them together end of the month or after the end of a quarter. After a damaging bear market quarterly charts are still a bit unclear, but if you look at the end of month charts, you start [...]
Posted in ACCURACY.FOREX | Tagged | Leave a comment

TRIANGLE becomes a FLAT

The impending down leg got a bit delayed, but the very fact that OIL is back sub 50 does suggest that our continuing overlapping corrective structure might be valid. There was another thing we mentioned last time. We talked about a TRIANGLE. And we concluded by saying that TRIANGLES were not fool proof and can [...]
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THE DOLLAR CYCLES

During a telecon, a senior MTA member and my mentor Rona Schehrer from Zurich remarked that markets move around a few key assets. And inability to miss out on one can imbalance any sound portfolio. What Rona was mentioning was that even she could generate real alpha, she still had to understand Forex risk. The [...]
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GOOD, BAD AND THE UGLY

The good part of this market is that we got the steepest two – week gain since 1938. The bad thing is that market needs hope to move up and not low valuations. The ugly thing is that throwing good money after bad is only going to make things uglier. The best of MAR is [...]
Posted in ACCURACY.GLB | Tagged | Leave a comment

Oil Triangle

A triangle is one of the 13 patterns illustrated by Elliott. Triangle is one of the five patterns which work against the trend also called as corrective or counter trend patterns. A countertrend pattern typically does not cause a reversal and is generally seen as a pause in the ongoing trend. The Triangle leads to [...]
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THE LEI NON CONFIRMATION

Unlike EUR RON which has pushed above 2004 high, RON DOLLAR is still below respective time levels. What does this mean? This means that RON has not weakened as much against DOLLAR as it has weakened against EURO. One can make another observation here. Not making a new high against one currency and making a [...]
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Oil Triangle

A triangle is one of the 13 patterns illustrated by Elliott. Triangle is one of the five patterns which work against the trend also called as corrective or counter trend patterns. A countertrend pattern typically does not cause a reversal and is generally seen as a pause in the ongoing trend. The Triangle leads to [...]
Posted in Energy | Tagged | Leave a comment

Banking on the edge

If you are a keen ad watcher, you can not miss this. Which is the highest advertising sector in the economy today? This should be a no brainer. Maybe things have changed a bit in the last six months, but the banking and financial services sector indirectly or directly is a large advertiser. This still [...]
Posted in ACCURACY.IND, India | Leave a comment

DOW’S March Proportion

The ideas of the Pythagoreans were based on thoughts expressed in words and symbols. They were not based on numbers as we know them today, suggesting that proportion was used to define and develop mathematics and not vice versa. Understanding proportions, geometry or symmetry remains a key element and mathematics which does not take patterns [...]
Posted in ACCURACY.GLB, Global Indices | Leave a comment