Thursday, October 1, 2009

THE FINAL CALL®™ - Oct 1, 2009

PRE MARKET
What a frustrating day for many traders on the US markets yesterday!
The Dow recovers 9700s at close, a good sign for holding longs, though one should expect a shift in trend by this weekend or early next week.  It is still a bear market rally in the US.

Shanghai bucks the trend in Asia.  This index has gained up to 100% in Aug 09 since its lows in Nov 08 and has retreated 20% since then.

SGX has opened a little weaker which does not mean much because it will anyway follow the NSE Nifty later in the day.

However, it is nearing time to book positional (2 to 5 day) longs unless markets show too strong a momentum.

Indian markets have just about completed a 100% gain since the lows of Oct 08.  A likely retreat is likely, most likely sometime in between the Q2 result season.

We hold Nifty Future longs.  Await further updates.

Starting today all position updates on Indian markets will be posted post market hours since this is a paid advisory.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 9:06 AM

POST MARKET
Indian markets close sideways.  We have carried forward Nifty Futures long over the weekend.
Reliance is in neutral territory.  We do not hold any equity futures.

The Dow Futures has broken down into sell territory.  A slew of economic reports are awaited today and tomorrow as well as the Feds testimony on financial regulation.  Oil slides.  The dollar gains.  We will await the numbers and then decide on our next positional trade on the Dow.

The FTSE has also moved into sell territory and should recover above 5100 if it were to give a contrary signal.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 5:30 PM

US MARKETS
Cover Dow Futures short initiated at close yesterday in profits - last quote 9512.
All positions on the Dow closed as of now.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 9:15 PM

THE FINAL CALL®™*(By Invitation Only) Give me a living human being with a good internet connection, a cellphone with a running cellular connection, a valid trading account with a decent brokerage, and a modest capital starting with INR 20000 and I will make him RICH!!!
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