Ahead of the News - The truth as It Happens
Published: Wed, 04/18/18
happened and I discussed it in the recent Long Short report. This months rally
was not a surprise, it was technical.
For a good reason it is titled...
April's Fools
In fact there were many more surprises like the USDINR going up along with Nifty.
And what now appears like a resumption in a rally in 2 key sectors that are holding
out.
I have also been actively covering base metals and metal stocks because as always
few people are on top of these moves. And most remain bearish on the sector,
even those who are bullish on the economy. It would be fair to say that the
reasons are not fully understood. But the charts are clear.
Similarly the extreme pessimism around US markets on the back of trade wars
or actual war tensions have come and gone. It was surprising but it was what
socionomics states. Social mood deteriorates and drives market downturns.
Negative events like War are made in wave C of bear markets and beyond.
Not at market peaks when optimism rules.
Get the Truth As it Happens!
Rohit Srivastava
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