What a day it was...........

Friends,
It has been a wonderful day for investors.I have been talking of the market rally since Apr.I wrote it here that 19k is possible by May/June end when market was around 15300.
Now 15300 is the bottom.We should see 19k as written.
Market was up by over 100 points yesterday and today again it is up by over 300 points.I still insist that please letgo chartist.They are just good for nothing.
Will anyone tell me , which chartist was able to predict two down circuit in 2 days in Jan 21st and 22nd of this year?If anyone has done then he must have not to do anything for whole life.But that was not the case and still people talk in the technical language.When I see this I feel very sad.
Even after seeing this tools becoming useless almost all time people still use to hear them at CNBC, NDTV Profit and also pays huge subscription to technical analyst.
I just got offline message from my friend regarding this chart analyst.
I am pasting it here for my readers.
A client opens an account with a broker who had 25 analysts. After seeking true advice on his position from these analysts he got 2 points on lower side and 2 points on higher side from every analyst. Finally he ended up with getting 50 supports and 50 resistances, surprisingly all different. With gr8 confusion he drank 1 sprite to quench his thirst of true advice. Sprite pite hi use satya ka gyan ho gaya : EVERY POINT ON THE NIFTY IS SUPPORT AND EVERY POINT ON THE NIFTY IS RESISTANCE
baki sab bakwas............

I have been advocating this since many years that this charts theory is not worth looking at.These are for those people who plays daily.There charts may work.But when we are investing then there is no need for charts,no need for support line, breakouts,S1,S2,S3,Resistance....R1,R2,R3...........what is that........Which support you will wait to sell,S1/S2/S3 and at which beark out you will buy to get max profit,R1/R2/R3 !Is there any answer?
I have seen these as some of my friends use to send me such charts.....
These is neccessary for brokerage houses so that people come and play and they earn from the brokeages .If all will become investor and sit on stocks then how will they earn?
Always go by fundamentals.That will always give great return.Fortune has been made only when stocks were hold for LT.But we are even not ready to hold it for 1 year , leave 2-3 years.We actually gets perturbed only in 2-3 months.Like we saw the big correction from Mid January.Masters of the stock market started speaking dooms day and if Shankar Sharma , Marc Faber ,JimRogers say something then I can understand as they have direct exposer to international market and they can see what is happening..., though it is another different thing that they seldom proves correct!.....but when a novice speak opinion and that with full authority I feel laughing.Each and every investor strated speaking about market and the tone was bearish and that was the time to be bullish.
One thing I have observed is that people are very quick to bookprofit.As soon as he gets a 2-3 rs he sells and if the stocks goes down , he will hang on for the loss of 8-10 rs...Why?I don't understand this view.When you are happy with 2-3 rs profit why u r hanging for a loss of 8-10 rs?So people loose 800-1000 rs and gets only 200-300 if he has called correct on any 100 shares traded .Now that is horrible!Horrible mentality!
Now the real bottomline comes here.....One is ready to loose Rs 800-1000 per day but if he has to buy a Van Heusen or Louis Philippe shirt or pant which barely cost the same amt then he says oh ! it is too costly….or if he has to buy a costly TOY /dress for his/hers, son/daughter he will think twice…..or has to help ones brother/sister or nearest friends or relative he will give some reason……..
Remember if one do not trade and do not loose in market it means he is saving that money as amt not lost is as good as saved……so while doing nothing in stock market , while sitting in front of a screen at brokers office is as good as saving money.No one on the earth has made money while trading….otherwise we should have heard that Warren Buffet or Rakesh Jhunjhunwala or Peter Lynch has made money while trading….day trading……but we have never heard of that.
I again reiterate that stay away from day trading and playing in F&O….they are injurous for your financial health.
We use to discuss here many fundamental stocks.Read them.Try to find more facts on your own and then feels good then buy it.Fundamentals has always prevailed over technicals…..Watch CNBC, NDTV Profit etc but keep the vol closed……….except some masters.But that too take as a pinch of salt.
I feel we can see a new high before Diwali and that I have written in my previous post as well.If dollar will appreciate then Gas will become cheap in USA and if that happens then inflation and slow down in USA will be arrested and we will see Dow at 16,000 by the end of this year which I see almost possible….
Just hold stocks which I have discussed if one has bought.That is what I will tell.Patience has always paid.Don’t be sceptic……