Joined: 01/Sep/2006
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Posted: 17/Jul/2008 at 7:33pm
Originally posted by vijaygawde
The Laal Street Journal
To cut a Long story Short
Astro Special
Source: Moneycontrol.com
Ashok Motiani, Financial Astrologer of Indianmarketsastrologer.com said the stars predict the market may go down to 14,000. He told CNBC-TV18 that the market may see an inital recovery by the end of July or early August.
Excerpts from CNBC-TV18’s exclusive interview with Ashok Motiani:
A: My earlier estimate was that in early January the market will reach 21,000 and then there would be 30% decline by July. But I have changed my mind because a 30% decline will come to around 15,000. I think it can go down to 14,000 this time.
Q: Are the stars telling you this, this time?
A: Yes.
Q: When do you see recovery or when do the stars see a recovery?
A: Soon after the sell-off, which will come in next 45-50 days and some time by the middle of July, the market should bottom out and that may give an opportunity to many investors to invest again. It will have interim rally for a few days or weeks and then again markets may go side ways till the end of the year. The market’s initial recovery will be at the end of July or early August.
Q: Your low point target for the year is 14,500 or do you think by the time we wrap up the year we might get lower level for the Sensex?
A: When I came last time and I thought the early January high would be at 21,000 and lowest would be 18,000 but it went down to 15,000. So this time I’m not sure whether the low will be 14,000, who knows it can go to even13,000. I will know only in the middle of June of how low it can go but the major danger to the stock market lies between June 10 to July 10 or July 11.
Q: What about crude and any predictions on that of where that might be headed?
A: On crude Mars and Ketu both have been transiting tarkrashi and that was a very bullish sign for oil. Now they are moving towards each other till June 14, so oil can remain bullish till that time or even till June 21 as long as Mangal is transiting in tarkrashi. After that there still is a Mangal-Shani conjunction on July 10 and there is a possibility that oil can remain firm but only towards the end of July and August. I can see oil may come down a bit. I must refer to the call by Goldman Sachs that says that ‘within 6-18 months time oil can reach USD 200/bbl.’ My target is USD 100/bbl.
Q: Do you act on what you foresee and do you act on what the stars tell you. Do you actually trade in the markets?
A: I invest in S&P 500, especially the ETF SPY because I don’t have the time to trade I spend most of my time talking to my clients, so I don’t have time for this.
Q: You said the worst period that the market is going to watch out is between June 10 and July 11 why is that?
A: There are two conjunctions coming here. One is the Ketu and Mangal conjunction, which will be coming around June 14-15 and on the July 10 is a Mangal-Shani conjunction. These two major conjunctions are taking place within 25 days, which is a bit dangerous for the market. Th add to it Guru has been Vakriya as I had predicted last time. Vakriya Guru in Dhanu becomes a niche and that has been started from May 1. On my website Indianmarketsastrologer.com on April 30, I had written that May has started and I’m bearish now and also mentioned words like fastening your seat belts, we are heading for a bumpy ride actually it was a roller coaster ride.
So the market will continue to decline but the market is not going to crash in May or sometime later. So I think by July 11 or middle of July the market should have bottomed out and it will bring a fantastic new opportunity for long-term investors and trading also will be fantastic. If the market really goes down the way I’m expecting it, then the interim rally will also be fairly good and then the market can go sideways but this is how it is going to be.
Joined: 02/Sep/2006
Location: India
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Posts: 9319
Posted: 22/Jul/2008 at 1:52pm
The Laal Street Journal
To cut a Long story Short
Take lesson from Soccer TLSJ recd this via sms.
Good news for UPA: 11 MPs may not vote Times of India - 4 hours ago NEW
DELHI: It is the day of reckoning for the UPA government, as they face
the crucial trust vote. This trust vote will be the 11th in the Lok
Sabha in nearly three decades.
What if there is a tie?
TLSJ suggests that trust vote then should be decided with a 'penalty shoot out' like soccer. At least we as citizens of the largest democracy in the world would know whether MPs are physically fit. MPs by the way have already proven about their mental fitness err weakness.
Life can only be understood backwards—but it must be lived forwards
MUMBAI: Do stars, moons and the planets add up to profits at the stock market? To some people, the answer to this would be in the affirmative. More than anything else, it is important to understand that the dependence on astrology comes from volatility in the market. If one is in the midst of a bull run, the bucks just keeping in. Today, trends clearly indicate that a lot of investors are betting on astrology to guide them through the choppy market. This is often the time, when caution replaces greed, and stability is what is welcomed.
“Volatility and uncertainty in the market attract clients to astrology,” says Lt Col Ajay, CEO, Astromoneyguru.com, a company offering astrological services with a focus on the market. Ask him for his next prediction and pat comes the answer — crude oil prices, over the next 15 days, will again reach a level of $130.
It is not just about predictions. The element of a sound and a basic understanding of how the stock market functions can hardly be ignored. As is well known, the stock market is typically affected by factors such as companies’ fundamentals, technicals, the political scenario, to name a few. “We give recommendations based on market timing, psychology and political events,” says Dharmesh Joshi of ganeshaspeaks.com.
Strangely enough, a company’s fundamentals are never taken into consideration by the astrologers. So, how do they go about it? They start off with basic information like the date, time and place of one’s birth. Based on this, they will be in a position to predict what type of an investment is best suited to a person. This could be short-term or long-term in nature.
If, for instance, it is short-term, one is told on when one should trade and which stock or sector will be the best investment. It is not unusual to receive advice on the lines of trading in stocks starting with the letter “A” and belonging to sectors such as cement, steel or oil and gas. If the luck of that letter works in the investor’s favour, he will not have a reason to complain.
A player like ganeshaspeaks.com got into the business of predicting stock market trends five years go. Today, the client base in excess of 150 and is growing by 20% each year. Mr Joshi is quick to admit that astrology is not 100% accurate, but rather it improves the rate of success by 20-25%. He charges Rs 1,000 as a monthly fee and speaks of stock brokers and fund managers as his clientele. Indians, who today live in Saudi Arabia, London and the US, bank on his recommendations which reach them through email.
Astromoneyguru.com, meanwhile, has seen its client base jump four-fold from 1,000 to about 4,000 over the past three years. They offer services on stocks, commodities and metals. It has a 15-member team and services its clients out of Jaipur. Predictions are made on an hourly basis, weekly and a monthly basis. It does not come cheap and the fees could vary from Rs 3,500 per annum to as much as Rs 1 lakh per annum depending on the type of services required.
At the end of it, what is required is the coming together of three critical factors — an understanding of markets, astrology and a certain level of computer literacy. There are barely a handful who are good at all of these.
Edited by vijaygawde - 21/Aug/2008 at 6:50pm
Diversification is protection against ignorance, it makes little sense for those who know what they’re doing.
Joined: 02/Oct/2007
Location: India
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Posted: 21/Aug/2008 at 7:21pm
Then even our Basant can don a shade of saffron (not just his hair) and make predictions from the TED XI. He just needs to brush up on his rahu and ketu and look more severe in real life than he does in his mugshot and then TED could be renamed as AstroTED!!!
Joined: 01/Jan/2006
Location: India
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Posted: 21/Aug/2008 at 9:10pm
Om Namah Shivaya!
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Ashok Motiani
