He is still giving buy calls despite of clear downtrend. Clearly he has no clue what is going on really, his guess work proved once again. People should not follow this nonsense.
Joetom,
19 Aug 2008:-It seems the markets behaved undecided and nervous. All my targets and levels were nowhere near. The closing at almost the lower end indicates correction to go on. European markets were flat but US markets were pulled down drastically by the Financial stocks. Unconfirmed negative reports from the financial counters attributed this fall. Oil cooling down further and dollar going stronger will help our markets however, the deep cuts in US will also have some say.
Supports: 14556-14467-14355 Resistances: 14825-14962
Open: 14531 Low: 14385 High: 14821 Close: 14478
Though I suggested earlier to buy balance 50% of investible funds at 14500 level for medium/long term, same may be restricted to 25% of the corpus. We will utilise balance 25% as and when we get a bullish signal which is above 14962 and unlikely to trigger today.
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