"October is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February." - Mark Twain
A.K. Prabhakar is one gentleman I respect a lot; today received the following message from him on my yahoo messenger, his observations;
“Sensex View:
• Sensex closes @ 16month high
• Sensex has doubled from March2009 low of 8047 in just 6month.
Sensex from low of 7697 on 27/Oct/2008 has made a 16month high of 16700 on 16/Sep/2009 which is more than double in 11months, time wise Sensex has taken 216trading days to reach here and 223 is an important Fibonacci number which comes next week around Derivative settlement.
Also from March lows it has completed 130 days where 134 is a Fibonacci number again. Derivative is heavily loaded with PCR=1.63 and Overall market Open interest Rs. 1,14,426 crs and with just 5trading days”
Continue reading his views at akprabhakar.blogspot.com !
3 comments:
Manoj, tnx for bringing akprabhakar blogspot - really nice
Regards
Sweety Hi
Yeah that blog is good and He has been an inspiration!
Cheers!
hi manoj,
prabhakar used to write about the market in tamil magazine nanayam vikatan.when sensex was @8000 he predicted that markets will not go down
regards
rajamani
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