I wish all those who want to use Technical Analysis to make money the very best of luck!
Warren Buffet who doesn't believe in the efficient market hypothesis (EMH) gave up reading charts almost 50 years ago and started focusing exclusively on fundamental analysis. Purists like William Sharpe, Harry Markowitz, Paul Samuelson, have all denounced Technical Analysis as a waste of time.
Technical Analysis may work for traders and short term investors but not for those who are in the game for the long haul.
sir, This kind of theoretical calculations will not translate in to reality.You can't just caculate based on few datas that have been arrived at again theoretically.A growth in the sensex should translate atleast a part in to GDP growth.Without any dramatic growth in GDP we can not consider the phenominal growth of sensex as an indication of growth of our economy.It is totally an unrealistic figure to achieve in any country in the world.This will just lead to bubbling in the share market and end up with a great tragedy.India will have to meet the fate that the countires faced during the East Asian crisis if the markets are not regulated properly with enough measures.What will happen if the FIIs found another region with potential growth for investment.There must be enough cushion in our economy to absorb such kind of shocks.Sensex growth may attract and benefit some capitalists but the over all growth of the economy still remain in the GDP and this alone can speak howfar our econnomy moved from developing economy to developed economy.Major contribution to the sensex comes from service sector but not from manufacturing sector which is really a worrying factor for any developing eco
RE:Index-Nse
by sumit singhal on Nov 04, 2005 01:26 PM Permalink
when the sensex reaches that mark of 18000, will we be richer or poorer? THAT is the question.
as u must see, sensex has reached a high of 8800, but most of us (common man, petty investors) have not being able to book profit. we had made a loss. It is the FII's that have sold and booked profit for themselves and triggered the downfall of the market, leaving the common man gasping.
they will do that again and then again, they will first pour in money, raise the market, and all small investors will follow suit. BUT the problem is that we will never know when they are going to pull down the market.
so it is highly questionable, how many of us will become richer when the sensex goes to 18000
