Dear Friends,
Some I will put a very important note on the movemnet of dollar here on my website, which I have already sent to my members. Dollar will move like Tsunami wave and many currency traders will be in problem in next three weeks.
Thanks & God Bless
Mahendra 6 March, 2005
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Dear Members,
I would like to wait another 12 hours concerning a final prediction on oil.
The stock market is also not in decline as anticipated and though I am certain that this will come to pass, it seems difficult at this stage. Reports tomorrow could be in favour of the market and the US Dollar and if oil moves down, the movement will be helpful for the stock market. The latest outlook is such that my prediction of a stock market collapse is on hold for about the next ten days.
A year ago, I recommended selling in the stock market at the 10776 level. The index is currently around the same level. This is despite having gone down three times and always bouncing back. This is now the forth cycle and the market is holding up quite well at around 10800. Indeed, external forces could boost it another 130 points from the current level.
NOTE – FROM CURRENT STANDING THE STOCK MARKET CAN MOVE AROUND 150 POINTS MAXIMUM ON THE UPSIDE (that is the risk). IF ONE HOLDS SHORT AND THE MARKET TURNS NEGATIVE, THEN YOU MAY BE IMMENSELY REWARDED BY TIME.
Metals look very uncertain for another few days.
In regard to palladium, patience has been rewarded today as it moved 8% in the last two days.
Some of my members that actively trade in grains must have booked profit after the great windfall. If not, then go ahead and do it and wait for my next buying recommendation. It is now time to sell your holding positions. One can go short.
Thanks & God Bless
Mahendra 3 March