Some posts carried forward from MMB Blog...

Following are my post on MMB Blog (BearCartel)

Resons for bearishness as posted earlier: Posted by: BearCartel on (13-Dec-07 19:46 ) I feel a significant correction is around the corner too many coincidences with last May... Metals crashed significantly, World markets toppish, though possibility of Dow making an inverted Head & shoulder, Usually I follow London FTSE because if you check charts any significant correction worldwide will begin from FTSE & spread later everywhere, Also like last may Oil at all time high & now falling, ACC & satyam which are operators favorite are not moving & slowly going downwards... MTNL & pharma usually the last to move in a rally have started moving, many other factors which I cant remember now have made me come to selling off... so I think a significant correction is due.

one more thing if you notice before any big correction there comes 2 wave of corrections like we fell from 12K to 11K 2 times & then topped at 12671 now we fell from 19k to 17k & 20k to 18K though it was different cause we fell twice this time from 20k so I got a bit confused... thats a signal for me to sell out, don't know what its called maybe significant to Elliot theory but I know zilch about Elliot so wont know...

reasons for future bullishness as a layman viewing general operator traits:

late Jan / early feb few mega issues in the pipeline like REL power / SBI blah blah / Rumour of RIL Retail possible & few more & other reason a handsome no. of SOP would be ther in budget & rumour of Tax cuts etc since elections around the corner... Usually the IPOs & the budget rally will coincide so as stated above I have sold out & will re-enter in Mid Jan, so caution is highly advice, if the world markets permit we should test 5880 tomorrow, after that looks bearish, your views comments welcome...

26.12.07: Well Mutual Funds Quarterly NAV last day 31.12.07 & Expiry on 27.12.07, seldom are the market allowed to fall under above circumstances.... so any downside will be in Jan.... The Weekly charts of Nifty & RIL showing heavy -ve divergence, so is the MACD, Caution is advised, target may come & go...Rarely has the Macd slow line cut above the fast line in the weekly charts & got away without a significant correction, I do expect 5100/5150 within next month

Govt allows this & that , blah blah to invest in the Stock market, hmm...sounds very familiar, old players may have heard this line several times before, usually I believe its for the retail investors to believe that lot of money is on its way so no worries, but experienced guys know, its a signal of incoming...

03.01.07: As expected in the reasons for bullishness given above... any correction due is postponed to after the mega REL Power IPO, operators at their best... Enjoy till IPO ends...

16.1.08: Well Nifty Futures had a gap at 5830 which got beautifully covered today, Seeing the Overall bearish mood & still a few big time issues lined up am bullish on the market, think till budget may carry on... Seeing the shorts being built up here & in the dow, looks like the fed is gonna +vely surprise....


17.1.08: THe trend line from Oct till now has been breached on the lower side, looks like the bearish scenario which I explained will after all play out, too bad though it proves technicals work more than other factors... wish I had listened to its logic, well never too late. Though if there's a immediate upside still there's a slim chance, another thing a gap in sensex at 20,200 is made looks like a bearish breakout, but sooner or later it will be covered....

18.1.08: Shorters beware of hugh pullbacks, wolfe wave seems active target 5450...