The Technical Analysts

These days, one of the great joys of my life is watching the stock markets fall. I don’t get much time to watch TV, but I follow the collapse of the market through the Rediff stocks page. The advantage of this page over other choices is that I get to read the prognostications of the “technical analysts”. Their statements have a zen-like quality to them. For example, at 9:33 AM today, Prakash Gaba, technical analyst has said:

”If the market falls any further, a bounce can be expected”.

How profound!

Also, going by the evidence on this page, Ashwani Gujral, technical analyst is on CNBC Awaaz all the time. I wonder if he gets time to do his job.