Thursday, 18 October 2007
On Thursday all markets (commodity, currency and stocks) will remain very volatile. I see that Friday finally all commodities and stock markets will start giving most weak signal. On Friday or Monday there will be big meltdown in each and every area of investment.
One can sell holding in commodities, commodity related stocks and emerging market ADR's before market closes on Thursday. Please trade carefully and don't trade with high Leverage because recently all markets are trading with huge volatility and we have been mentioning that since the last few weeks.
OIL, Asian stock market and Metals may have worst time after 24 hours from now. Last few weeks US Dollar has been is trading around 78.00 and yes, this level is great buy. Commodity currencies will have free fall so watch very closely.
Yesterday Indian market went down 1800 points and board decided to close market for one hour and within that one hour government made clarification on P-Note, that made market stable. This is the indication of coming time. I am too much worried about Asian and European market compare to USA markets.
Trade carefully, I am sure next weeks letter will be most interesting one. My fasting on only water is going great and ten days will over on Sunday. I want to come back in great rhythm again like 1987-2005 because in this period each and every one made substantial amount of money by following me but 2006 and 2007 many struggled on my recommendations.
Thanks & God Bless
Mahendra Sharma, Wednesday 9.00PM