Democratic Governance
Corruption in high places is at the core of our form of Democratic Governance. While a democratic system is not the best solution to a nation, but it the best form of governance wherein we can 'remove/change' our leaders. Note I am not saying 'punish' the guilty because our justice system is not swift and fearsome. Scams after scams have forced many political leaders to vacate their chairs. Even though we have not yet succeeded in prosecuting the corrupt but there is a change in perception.People are no longer pessimistic about the 'corrupt' getting punished. Our apathy and pessimism (about lack of action) is what the corrupt want. We,the common citizens,fail to question and fail to assert our sovereign rights. This is what breeds and nourishes corruption.
In my opinion we need to take swift and tough action against the top 50 corrupt leaders/officials in every field,send them to jail and confiscate their property to set the system right in the shortest possible time. This can be done. Money can be recovered because money can not perish. It has moved from one pocket to another.
This would be a turning point in the history of our young nation. Present events and the anguish caused by them are the right ingredients to initiate drastic changes. We must not allow the 'corrupt' to slow down the momentum. This is the need of the hour.
rgds
Vibhas
Posts
9 comments:
Dear Vibahs Sir,
I actually do notknow if this is right place to put the query ? I just picked one of ur articles and writing under comments.
Today, 26/11/10, I saw SBI chart. RSI is seen to touch 30 line and reversing up. Is it indicating that buying will come in it now and is it right time to buy without waiting further?
Regards,
Bhalchandra.
Yes. SBI is oversold and is rebounding. 2800 is good price to buy as seen from past history.You could place buy orders upto 2750 as well to benefit from intra day volatility.
rgds
Vibhas
Dear Vibahs Sir,
Very good morning !
Thanks for quick reply.
I come acroos below question when I am refering charts -
1.SBI chart 6 month daily. RSI is seen to touch 30 line and reversing up but MACD has not turned up yet. As u recommend,it is indicating that buying will come in and it is right time to buy without waiting further.
2. But, if you see SBI chart 6 month weekly ( or even 1 year weekly), RSI is not seen even penetratiting below 50 line. My query is - does indicators behave diffrently for diffrent time period charts ? Why ? And which one should we refer i.e. daily or weekly?
Regards
Bhalchandra.
1. Weekly indicators use data from weekly closing prices and daily indicators use data from daily closing prices. So they behave differently.Therefore weekly indicators move slower than daily indicators.
2.We should refer to the indicators based on our time frame for investing/trading and then stick to them. Either 'Buy and Sell' by weeklies or dailies. Not a mix of the two.
Dear sir,
From last two days movement, I can see that Stocks like SBI (@3000), TATA Steel(@610), Titan(@3700) , LT(@2000) are finding resistances. Are not able to move upwards. If you see RSI on 3 month daily chart, u can see- it is falttening up. In ADI, Redline is seen going downwards. Please tell me what it is indicating.Shall they be sold and book what ever profit u have?
Actually, I wanted to pase charts here to explain my query. But, I don not know how to paste a chart with some mark ups. Please tell me if I can paste chart and how?
Hi.
You will not be able to post a chart with a mark up here but I have understood your query.
1. SBI,LT,Titan, Tata Steel are all facing short term resistances. Means it is a profit booking time for a short term trader.They shall move up when short term selling is over and buyers come in again.
2. Red line in ADX is moving down means downtrend is getting over in daily charts.
3. Stocks have rebounded from their supports and are likely to move up towards their resistances on daily charts.
rgds
Vibhas
Dear Sir,
Thanks for ur quick reply.
As we discussed, at this moment buyers presency in market is a bit less. I guess it can be because of recent MOIL IPO ( worth Rs.1260 Cr). Liquidity might have been sucked. Please correct my understanding.
Secondly, this MOIL IPO is 56 times over sucribried. It means it is in great demand. Shall those people, who have missed to purchase it in IPO, buy it at the very start of listing ? Can it lead to some rise of @ 25-30% on the day of listing?
Yes. Liquidity is lower due to IPOs and end of the year profit booking.
MOIL has seen great demand for at the IPO price. Buyers will not be eager to buy at 20 to 30% higher prices. Higher listing prices are due to initial demand but euphoria will subside soon.
Dear Sir,
How are you ?
A question on Technical reading of chart -
SBI - I f you see 3 yrs weekly chart, ADX - short term line (red) is seen going up but strength indicator Balck line is seen coming down. What it means, stock is in bearish mood? can it go further down? Can it be bought at these levels?
Post a Comment