Tuesday, December 15, 2009

What to do now ?

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This is a worthy question. I fear a big bang recovery in USD and unwinding of worldwide currecny freeflow ( carry trade) as many Countries are about to go bust. Dubai is just a tip of the iceberg. Europe is in a grave danger to go default.
I am keenly watching currencies esp INR and USD. INR is very vunrble to correct 10% against USD. USD is showing that it has started a new bull phase , which may last for long.
Now, this is not going to happen tomorrow or 1-2 weeks. I am expecting a good "BULL TRAP RALLY" coming . So, be patient and try to GRAB profits and sit home silently as we may see a BLOOD BATH in FINANCIAL MARKETS soon.
The only good news is that the USD Index is wanting a short term correction.
And 80 is a very big resistance.
=====AVOID GREED IMMEDIATELY=====