India Markets: Technical Explanation
Tuesday, March 31, 2009
I have not seen any evidence yet that the economy is bottoming....anywhere...and the theory of De-Coupling is now firmly placed in the trash bin.
So what are we witnessing?
A technical, selling exhaustion rally...which will be followed by increasing volatility and then the inevitable thud. The rally is past...the volatility is upon us...the thud is coming.
Readings:
Seven Uncomfortable Predictions
Is China Today the U.S. of 1929?
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