Starting the 24 OCT low on Gold at 680, we have been illustrating a corrective up scenario. And it was only from 15 DEC that we started highlighting the possibility of a push up till 900-920 levels. We also mentioned that these are the final true trendline resistance levels, above which our preferred negative view […]
If you ask a Behavioral guru to define accuracy this is what he will say. The difference in forecasted and actual is accuracy. According to fractal geometry, this is an incomplete information. It’s the degree that you are studying, which will define accuracy. Degree, meaning the time frame, multi month, multi week, multi day, multi […]
In a time of dismal performances, it’s tough taking credit for accuracy or capturing real alpha. WAVES.GLOBAL annual issue takes you through a complete year of work. The report which was started on 06 JAN 2008 started on an accurate note capturing the negative JAN (The JAN effect) and closes the year also on the […]
The Oct low we talked about held against all odds. A strange time cycle held against all conventional knowledge, which failed. And now that 2008 comes to end, we can sum up a few gaps in generational thinking which concerns us as a society and as economic beings. On one hand, the experience is […]
We have been waiting for this set up since OCT 2008 low. It was easy to look for a bounce from 27 OCT market low. There was historical volatilities, extreme momentum and global panic. Though choppy, we got the anticipated bounce. And what a bounce it was, gapping, sideways and slow. Prices have almost lost […]
This heuristic bias, or thumb rules are also extended to the fact that Euro is inherently considered stronger than many emerging market currencies, so a loan in Euro is perceived better than that on a local emerging currency. Be it the real estate owners, tenants, builders, or simple personal finance purchasers, the Euro bias is a part of the large global credit character. Moreover, even if one is not a trader, there is a monthly car installment or mortgage to pay, less or more is the preoccupation that increases and decreases as the rate fluctuates. A local currency exposure is less adventurous and exciting when you have something international or global to speculate on.
These are many different qualities of crude that move in sync with each other. But despite being such a highly correlated pair, they have a cycle of performance and underperformance against each other. For example, every 6-9 months, WTM makes a cycle low against BRT. A similar cycle periodicity shows on crude prices also. In […]
STEEL and ZINC have held on above previous lows. This is the kind of activity we expected after SILVER started giving leadership signals last few trading weeks. Hindustan ZINC the metals major has turned from 0.786 all time FIB and also has witnessed intermediate RSI turning above 40 (SLIDE 1). The metals complex remains at […]
I don’t know whether Goldman Sachs would like to review their BRICs MODEL. Former Bear Stearns CEO Alan “Ace” Greenberg says the investment-banking model he helped pioneer is defunct and that Wall Street is dead. If the Wall Street is dead and so is structured finance, I don’t know how far behind is the BRIC […]
The first time we started inverting the charts and carrying them in WAVES.ROM, we had a mixed response from our internal analysts. Few talked about it as a specific tool, which the user may not understand. And few stood by it as a strong bias removing tool both for the user and the analyst. This […]