BAD INDEX: mrtq13 (31-10-2008)

DSE/SEC ppl have started a very nasty down trend,and that down trend is still in existence...............It was a very bad step by them when they stepped in just to put market down couple of months ago............Such an immature step............God help the poor souls!

Now,see that they are begging traders/investors to buy back banks,as if we will buy whatever/whenever they want us to do that...........What a miserable situation. I have hardly ever heard that such responsible ppl like SEC/DSE authorities instruct traders/investors what to buy and when to buy............Clearly,the course of market trend has been changed by SEC/DSE itself. Now if the traders/investors don't buy bank,though they are at their lowest fundamentally,it is because traders/investors are in panic regarding index of 3000. This was created by those SEC/DSE monkeys!!!

So,they directly/indirectly are manipulating market and us-the traders/investors!!! We,the freak traders/investors,are always dancing with whatever they are wanting...................The freak show is set in a way as if they are in the "Mr. Know-it-all-headmaster" group,and we trader/investors are in the "dumb-fucking-assholes" group..............See the newpapers,media. Everyday everybody is shouting there that investors/traders are doing wrong(at whatever we are doing). Total chaos and confusion.................All of these are created by them............

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All I can say,small traders' money is at stake. And if the small traders don't guard his/her money,he/she is gonna be always fucked up. And surely,for that,he/she is responsible. Have a look at this forum!! What is everyone doing here!!! Just throw one buy list writing "I have got this news from an authentic source that this stock is gonna rise...............etc..." And interesting to see that almost everyone jumps into it every now and then. Because that is the culture of our market,everybody says. And at the end,losing heavily is also a culture of our stock market(we forget to mention this). And if these very traders lose money in our market,then they/he/she shouldn't regret or repent. But unfortunately,traders do regret losing money...............Losing money isn't a great thing.

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I do believe that staying with only a small group of stocks give us an edge in the market. Just have some fundamental analysis about the health of the companies of the chosen stocks.Then,go for long term investement in them. This is one of the best approaches. I have found even staying with three stocks throughout the years can give pretty good profit..........But technical approach regarding entry/exit,after the fundamental analysis is done,is a must if we want to enter at the optimal levels...............

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Year back,you used to talk about Fundamental approach to me. Now you also talk about Technical Indicators. Year back,I used I used to talk about Technical indicators to you.Now after year,I talk about Fundamental approach also. What a turn around by both of us..... 
:)

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LONG TERM APPROACH :

I'm talking about long term trend change here, because I have plans to go for long term investment type approach in future(Technically and Fundamentally). So,I am glad to see that that DSE turning down and down. Because the more it goes down,the more some stocks will become undervalued from fundamental point of view.

And as a TA,I know no stocks can stay below year after year. So,I must chose some stocks to be in when they are at their low(fundamentally) and about to go up(technically).

DSE is not supporting the fundamentals now(except banks,almost all stocks are overvalued),which is actually reflected in technical indicators too. That is what I like in Technical indicators. It reflects current standing. Fundamental is the force behind a move. And technical is the visual exhibition of that move.

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Short term and Mid term :

What goes down must come up...............DSE will come up!! But that will happen for short terms and mid terms only,it seems at the moment............Unless the banks hit the Index with force and get it above 3200/3300 with strength,there is little hope left from long term view point..................

The problem now is election and the change of gov and economy. Looks like we are entering a phaze of confusion and uncertainity. I hope you remember what happened year back before the election of that time. Market used to go up,and again turn down at that time almost on regular basis. Almost everyday market went nowhere.That was a bad market.And in a way,this is a bad market too. Because buys don't work much in such situation.

But small up moves are expected. How about two weeks or one month up moves. Well,this type of short term moves may exist in near future.Even a short term uptrend can start from Sunday. And we can profit from the move. But how much profit-10%,20%,30% from each move??? This question is bugging me. Remember some of our profit will be washed away from the fall of market. I have such experience. Recently,I had to lose a portion of my profit because of the trades I made during the fall.............

But looking at the long term trend,I am not impressed about earning 200% or 100% yearly profit anymore in coming year from any stocks like we used to do back in 2007-2008,however beautiful and sexy it seems. Though,as a TA,I shouldn't think like that. TA should always fly for the sky!!

It looks like now is the time to pay back DSE. DSE is eying at the profit that we made over the years,and want them back............... 
:mrgreen: 

But that is not gonna happen with us 
;) Careful and calculated steps can save us from the rage of DSE. But if someone is "buying because someone else has said "so",well.............................."

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