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 leg...my 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:
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