From my friend's email

An employee sends a letter to his boss

Dear Bo$$

In thi$ life, we all need $omething mo$t de$perately. I think you $hould be under$tanding the need$ of worker$, I am $ure you will gue$$ what I mean and re$pond a$ $oon a$ po$$ible.

Your$ $incerely,
Employee


On the following day the employee received a reply from the manager.


Dear Employee,

I kNOw you have been working very hard NOwadays. NOthing much has changed. You must have NOticed that our office is NOt doing NOticeably well as yet.

NOw the news paper is saying the world's leading ecoNOmists are NOt sure if the United States may go into aNOther recession. After the NOvember Presidential elections things may turn bad.

I have NOthing more to add NOw. You kNOw what I mean. I kNOw you are smart eNOugh.

Your truly,
Manager.

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Stock Investment and Photography

Cut loss when something is not right

See no evil and hear no evil will lead you to .....

Too late to cry : (

Avoid herd mentality : it may be comfortable doing things together

But die together is definitely not that comfortable, Amen.

Always on the lookout

Or else you may not know how you die

Luck does play a role ...... "Eureka !!!"

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Roland Garros Champions

French Tennis Open Championship has ended with Nadal taking the Men's Singles Title for the 7th time, a new record. He defeated Djokovic 6-4, 6-3, 2-6, 7-5.

Indisputable Clay Court King

The winner of Women's Singles Title is Maria Sharapova. With this win she has won all the 4 Grand Slam Titles.

Indisputable Beauty in the world of tennis

 

After defeating Sara Errani 6-3, 6-2

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Colourful Birds

Received these beautiful images from a friend

Three Angry Birds :)

Click 'Beautiful Bird Photography' for more.

Have a nice weekend

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Transit of Venus

Two days ago when Venus moved between Earth and the Sun, we could see Venus as a small black dot moving slowly across the face of the Sun.

A NASA's photo

 Venus - A small black dot, and the Sun, wow!!!

The entire transit lasted more than 6 hours

Area where the transit was visible.

Next chance to see : December 2117

105 years from now

"See you then, bye, take care."

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Shetland Island, UK

I was told that Shetland Islands has the most beautiful bus-stops in the world. I found these from the internet.

 Rugged Coast

Scenic countryside

And see what I have found - Puffin Birds !!!

They can fly !!!!

But not these - they can't fly

Penguin colony on South Shetland Island

The famous Shetland Pony with short legs

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Dow - The magnitude of the current pullback

Dow dropped 2.2% on Friday to close the week at 12,118. For the long-term option as shown below, assuming Dow is forming a mega wave 7.

It is likely that Dow has completed its major wave 1 of mega wave 7.  Since Dow has dropped below 12231 level, the top of sub-wave (i), the current pullback cannot be sub-wave (iv) that I have assumed previously as sub-wave (i) and (iv) cannot overlap, the only logical count is a wedge formation wave v with a failure sub-wave (v) as shown.

If major wave 2 has started, low low can it goes? If it goes for a simple and sharp zigzag A-B-C formation,the maximum drop can be a 100% retracement to 6547 level. 

Another option is as shown below, the 2007 October peak is the end of super cycle wave (III), The 2009 March's low of 6547 is the major wave A and the run-up since the low is the major wave B.

Since major wave B cannot have 5 waves, under this scenario, the current pullback can be wave vi and should be able to stay above the lower trend line (11200 level) and proceed to complete major wave B with the wave vii, the last surge, before the major C starts.

Summary :  The current pullback at best it will stop at 11,200 level to complete the wave vi under Option 2. The worst Dow can have is a 100% retracement to 6547 level under Option 1.

One has to bear in mind that there are other options beside the two that I have mentioned.

For European bourses, Asian bourses and CRB (commodities in general), the downtrend continues.



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