Rediff has put out an informative news item from PTI that helpfully informs us that the Indian stock market will rise over the next 15 years, albeit punctuated by the occasional dips, and that it will breach its alltime high of 21K … sometime within that period. This is very helpful news. Pass it on to anyone who is interested.
Rediff
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.