Sharekabir

Trendline broken. Is it the time to Long?

Published on 2012-01-25 08:41:00

After the previous reading, DFM index as always went the other way. 1300 formed a support and previous resistance at 1340 was broken plus the trendline also broken with strong volumes. But i have seen something similar before and DFM index always tends to come back to the long term downtrend. Hopefully for a lot of the punters in this market 2012 will bring good tidings. But, i doubt it.

Greece Is Insolvent, Will Default on Its Debt, Fitch Says

Published on 2012-01-17 11:11:00

Greece is insolvent and probably won’t be able to honor a bond payment in March as the country negotiates with creditors to cut its debt burden, Fitch Ratings Managing Director Edward Parker said. The euro area’s most indebted country is unlikely to be able to honor a March 20 bond payment of 14.5 billion euros ($18 billion), Parker said today in an interview in Stockholm. Efforts to arrange a private sector deal on how to handle Greece’s obligations would constitute a default, he said. Pr

The Dubai Index could go down very far

Published on 2012-01-15 10:15:00

The Dubai Financial Market Index tried over the last week to hold the 100% Fibo at 1338 but, unable to do so. The volumes in the past fews days with a downward bias strongly suggest we are moving south with initial support at the down trend channel bottom line which could be anywhere. But a likely target would be 1166 which is 138.2% fibo level also times well with downtrend channel bottom line and the fibo timezone line (vertical). We could see a lot of support there. For the impatient kind the