Dow's Historic fall

1.US bailout plan fails

2.DOW falls 777 points

3.Wachovia Bank taken over by citigroup

4.European bank nationalized

5. Crude bomb blasts in Maharashtra and Gujrat (low intensity)

 

All bad news hitting the market together so there is no Doubt that we are to open gap down tomorrow but how bad it will be, is to look for.It seems that the 3600 will be very close. If the market open near to the Lower circuit i guess it will be the better Idea to Buy than to sell for the intra Day, for medium term outlook still remains weak.

Technical indicators were already down so all technical analyst were of the view that market will come near 3600, which we are going to see in this week only i guess or may be today only if panic is not controlled.

People keep blaming others for their mistakes this is very common tendency, i believe that to take the decision is always in your hand. Listen to everyone but do what you belive and don't regret on what you have done. Learn from your mistakes and move ahead.

Dr.Edler Alexander in his book 'Come into my trading room' says:- When you make a mistake for the first time, it shows that you are alive, searching, experimenting.Repeating a mistake is a neurotic symptom.