What If...... Some Speculative Thoughts

 What If The History Repeats Itself?

 Some Speculative Thoughts...

The Chinese sometimes say "May you live in interesting times..."

Even though the origin of the proverb may be disputed, what does it mean ?

 

Well it doesn't mean that they are expressing best wishes !

It is actually a curse !!!  And the proverb is sometimes called the "Chinese Curse." 

It seems that  we have been living through "very interesting times" for the past few years.  The bubbles in the all the asset, credit and currency markets burst in the past two years and we are supposed to be well on a recovery. Since something like the recent synchronized bursting of bubbles in different markets happened only in the 1930s let us look at the charts of Dow Jones Industrial Average  (DJIA) from those distant pasts.

Dow Jones Industrial Average - Weekly - Years 1929 - 1930     

Chart 1

Update on The Ultimate Momentum Signal

Is the Breakout imminent ? 

                                                                                Nifty Future - 20 Minutes

         

  

 <<< Nifty Future - Hourly


The Nifty futures traded sideways for another day as usual ! As pointed out in the previous posts, not only the daily moving averages but also the hourly and 20 minutes moving averages are converging to   a narrow band,  increasing the chances of a break out in either direction. The Budget or a trigger from the world markets can   add fuel to the breakout.