India Markets: Selling exhaustion, Rally coming?

Monday, March 09, 2009

There has to be a respite from the relentless selling...pure exhaustion is setting in...expect a reversal later this week going into next week...20 to 25 % rally on the cards.

And then, the next down target continues to be 2000 Nifty...but I am buying some March and April 2800 and 3000 calls.  Of course, I have been long the 2500 puts since October and keep rolling those every month...

The US housing market...Upside down:

The US banking system:
Hail Obama...NOT:

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