Anirudh Sethi Report

The Greatest Trader Who Ever Lived: Jesse Livermore?

27 January 2012 - 22:33 pm

Seventy one years ago, on Thursday, November 28, 1940, Jesse Lauriston Livermore, entered the Sherry Netherland Hotel where he took a seat near the bar and enjoyed a couple of old-fashioned. After an hour Jesse Livermore got up and went in the cloakroom, seated himself on a stool, and then shot himself in the head with a .32 Colt automatic. How could the man who is still regarded by many as the greatest trader who ever lived go out this way by taking his own life? It just doesn’t match the rest of his life.

In his youth Jesse was know as the “Boy Plunger” because he looked younger than his years and he would take big positions when he traded against the bucket shops of his day. The bucket shops let traders bet on a stock price, but no trade was executed, the house covered if you were right. How good was he? He was banned from the bucket shops one by one, it was like getting kicked out of a casino because you beat the house so badly with outsized gains. He went on to trade in stocks and commodities and did very well becoming a millionaire many times. Unfortunately he also went bust many times. He made his biggest money in the market crashes of 1907 and 1929, it is said that J.P. Morgan himself sent word asking for Jesse to please quit shorting stocks. In 1929 the day of one of the biggest market meltdowns he returned home and his wife was scared that he had lost everything, he surprised her by making the biggest money of his trading career. He ended up with the nickname “The Great Bear of Wall Street” because of his shorting activity.

Here are some of his most insightful quotes from his book “How to Trade in Stocks”

“All through time, people have basically acted and re-acted the same way in the market as a result of: greed, fear, ignorance, and hope – that is why the numerical formations and patterns recur on a constant basis”

“Successful traders always follow the line of least resistance – follow the trend – the trend is your friend”

“Wall Street never changes, the pockets change, the stocks change, but Wall Street never changes, because hu

>> Read More

(0) Comments | Leave Comment Posted in: EDUCATION

India Official: Rupee’s Rise Not a Sign of Economic Bounceback

27 January 2012 - 22:13 pm

The Indian rupee’s recent surge isn’t really a sign of–or even backed by–a strong economic recovery, a top government official cautioned Friday, giving weight to comments from analysts who have warned over the past few weeks that they see little evidence the currency can sustain its rise.

“The Indian rupee is appreciating due to foreign capital inflows, and previous steps taken by the authorities are also helping,” said the Finance Ministry official, who asked not to be named.

The comments, from one of the country’s most senior officials, come at a time when the rupee is at an 11-week high against the U.S. dollar, and traders appear to be bullish on the local currency.

The dollar was trading at 49.39 rupees at 0921 GMT–its lowest level since Nov. 9, 2011. The greenback has lost nearly 9% from the record high of 54.2925 rupees reached on Dec. 15, 2011.

Despite this, the Finance Ministry official’s views are backed by analysts, who believe that the currency’s rise shouldn’t be taken to signal a revival of the Indian economy, and that traders should look through the euphoria and study the basics instead.

Investment bank Brown Brothers Harriman said in a recent research note that it doesn’t think that the “underlying fundamentals have shifted that much in 2012, so we remain skeptical that the INR [rupee] outperformance can continue.”

Watchers attribute the rupee’s recent rise to a range of measures taken by the government and the Reserve Bank of India coupled with improved global risk appetite, and outright central bank intervention in the foreign exchange market.

Foreign investors have already put a net $4.8 billion into local debt and stocks in 2012 so far–compared with $8.3 billion in the whole of 2011–following measures to ease foreign investment restrictions in capital markets.

Power of Chart ….Nothing else

27 January 2012 - 16:00 pm

Minting Money Everyday is no Big Deal ,U Just need Money ,Mind ,Method & Target.

Always Remember 90% Traders lose Money.5% are in No Profit -No Loss zone and Only 5% Traders earn Money and Create Wealth !!

Everyday we are getting Hundreds of mails (Traders want to BECOME Member ) or want to join us for Stock/Commodity/Metal/Forex

Enjoy this song………………Yes listen carefully & Think

Updated at 15:58/27th Jan/Baroda

(0) Comments | Leave Comment Posted in: ANALYSIS

Eurozone Leading Index Rises For First Time In 10 Months

27 January 2012 - 15:02 pm

Eurozone’s leading economic indicator increased for the first time in ten months December, partly reflecting a modest decrease in the level of stress on financialmarkets, data from a survey by the Conference Board showed Friday.

The leading economic index (LEI) increased to 103 in December from 102.7 in November, which was lower by 0.1 percent from the prior month. The latest growth in the index marked the first in ten months.

Meanwhile, the coincident economic index (CEI), which measures the current situation, remained unchanged at 102.7 in December.

“The LEI for the Euro Area rose moderately in December – its first increase in ten months,” Jean-Claude Manini, Conference Board senior economist for Europe, said. “In part, this improvement can be attributed to a modest decrease in the level of stress on financial markets following the December EU summit and the ECB intervention.”

In the six months ended December, the leading index decreased 2.6 percent, while the coincident index edged down 0.3 percent, data showed.

(0) Comments | Leave Comment Posted in: ANALYSIS, ECONOMY

RELIANCE :Hurdle at 825-833

27 January 2012 - 13:40 pm

“Manipulation, fueled with good intent, can be a blessing. But when used wickedly, it is the beginning of a magician’s karmic calamity.”

Hurdles at 825—833 level.

If able to cross and close above 833 then more FIREWORK !

Stock can flare to 854-867 level.

101% Big scale of Manipulation going on.Dear u will Buyback stock…Qty u told ,price u told…What is the TIME PERIOD ??

Think it over.

(First u Buy NF…..then u Buy Your stock …Then u sell NF & then u sell your own stock ….Who will ask u Baby ?

Think it over………..Mera Bharat Mahan !

Technically Yours/ASR TEAM/BARODA

Updated at 13:39/27th Jan/Baroda

(0) Comments | Leave Comment Posted in: ANALYSIS

Forget about Default -Greece Share Index up by 24.5% in Just 12 sessions

27 January 2012 - 13:02 pm

Above is the Daily Chart of Greece General index

CLICK TO ENLARGE

Just see all the BAD NEWS………..Everyday we are Reading ,Listening about GREEK will get Defaulted or will be saved or BLA BLA !!

Just see in 12 sessions only…………Just see from 621 to 773 level.

Yes ,Up by 24.50 %

Watch 775—-788 levels.

101% 788 is Major Hurdle.Now Three Consecutive close above 788+Weekly close will create more firework.

We see Rally upto 826—839 level.

-More Details to our Subscribers.-

Do u want to know Trend of any Global Indices or Stocks Traded at US ,EUROPE ,UK or Canada ?Join us.

Technically Yours/ASR TEAM/BARODA

Updated at 13:00/27th Jan/Baroda

(0) Comments | Leave Comment Posted in: ANALYSIS, GLOBAL INDICES

Israel prepares for war against Iran

27 January 2012 - 12:33 pm

A lengthy article, “Will Israel Attack Iran,” published in this week’s New York Times magazine confirms that Israel has made advanced preparations for military strikes on Iran. The author—Ronen Bergman, a well-connected political analyst with the Israeli newspaper Yedioth Ahronoth—concluded: “After speaking to many senior Israeli leaders and chiefs of the military and the intelligence, I have come to believe that Israel will indeed strike Iran in 2012.”

Bergman corroborated previous articles in the Israeli press reporting that Prime Minister Benjamin Netanyahu and Defence Minister Ehud Barak have been pressing for the country’s security cabinet to authorise an attack on Israel. Vice Prime Minister Moshe Ya’alon told Bergman last week: “It is a matter of months before the Iranians will be able to attain military nuclear capability… We are prepared to defend ourselves in any way and anywhere that we see fit.”

Claims that Iran is on the point of constructing a nuclear weapon are not supported by facts. The latest International Atomic Energy Agency (IAEA) report—a political document designed to justify the latest US and European sanctions against Iran’s oil exports—provided limited evidence of Iranian research related to aspects of building a nuclear bomb. Much of the “evidence” came from US, European and Israeli intelligence sources. Most of the research projects were discontinued after 2003. Iran continues to deny any plans to build nuclear weapons.

Highlighting the bogus character of Israeli claims, veteran journalist Robert Fisk commented in the Independent: “The Israeli President [Peres] warns us that Iran is on the cusp of producing a nuclear weapon… Yet we reporters do not mention that Shimon Peres, as Israeli Prime Minister, said exactly the same thing in 1996… And we do not recall that the current Israeli PM, Benjamin Netanyahu, said in 1992 that Iran would have a nuclear bomb by 1999.”

Real Fact about European Market

27 January 2012 - 12:22 pm

(0) Comments | Leave Comment Posted in: ANALYSIS, EDUCATION

Wholesale Price Indices for Primary Articles and Fuel & Power in India (Base: 2004-05 = 100)Review for the week ended 14th January, 2012 (24 Pausha, 1933 Saka)

27 January 2012 - 11:49 am

The WPI for the week ended 14th January, 2012 in respect of ‘Primary Articles’ and ‘Fuel & Power’ is given below:

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group remained unchanged at its previous week`s level of 199.1 (Provisional).

The annual rate of inflation, calculated on point to point basis, stood at 1.89 percent (Provisional) for the week ended 14/01/2012 (over 15/01/2011) as compared to 2.47 percent (Provisional) for the previous week (ended 07/01/2012).

The groups and items for which the index showed variations during the week are as follows:-

The index for ‘Food Articles’ group rose by 0.3 percent to 191.4 (Provisional) from 190.9 (Provisional) for the previous week due to higher prices of bajra (4%), fish-marine and jowar (3% each), ragi and barley (2% each) and wheat, maize and milk (1% each). However, the prices of fruits & vegetables, egg, gram, moong and condiments & spices (1% each) declined.

>> Read More

(0) Comments | Leave Comment Posted in: ANALYSIS