Please Clarify

Dear IFA Galaxy Members

Please see the following email from Mr. Babu, of KAMFA, Bangalore.  

We welcome your comments on the article written by Value Research.  

Do you think Value Research is correct????????   

http://www.valueresearchonline.com/story/h2_storyView.asp?str=17390


We are surprised to see that Value research had removed this from the website if you click the link above you can note that.  So here is the Screen short for you to read

"If you had not invested in the tax planning funds to save tax, the three-year lock-in does not apply which is mandatory for only those seeking tax deductions by investing in these funds. You can redeem your investments in these two funds whenever you wish. As both these funds are like any other equity fund, you will not be faced with paying capital gains tax on your gains when you redeem as you have already been in these funds for over one year"

As per my views they are wrong (Even Value Research can make mistakes).  

We request you to send your feed back to feedback@valueresearchonline.com with a Copy to us.

K. Ramesh Bhat,  

CII MUTUAL FUND SUMMIT 2011 - RECOGNITION FOR IFA GALAXY

Dear All,

IFA GALAXY is very happy to inform you that, at today's CII MUTUAL FUND SUMMIT being held at Mumbai, IFA GALAXY has been recognized for its initiative for the IFA Community. We thank Mr. SINOR, CEO of AMFI for having given us this honor during his speech. We congratulate each and every one of you for having made this possible.

We will keep you posted more about this Summit in the coming days. 

Regards

Srinivasan S

Secretary

Stock Market Crash Possible Soon?

Watch this !!!!!!

http://www.benzinga.com/11/06/1162997/stock-market-crash-possible-soon

There are significant signals in the current market that a crash or meltdown scenario could unfold sometime in the next 1-2 weeks. Crashes are rare events and nearly impossible to predict, but many elements that could combine to produce a financial market calamity appear to be present at this time.

The video below reviews the current technical condition of the major world stock markets.  In it I examine each index in terms of the relationship between price and the uptrends from March 2009 and August/September 2010, the April 2010 top and March 2011 low, the 20, 50 and 200 Exponential Moving Averages and areas of significant horizontal support/resistance.

Here's a direct link to the video: http://www.youtube.com/watch?v=OGVv2ODBQ-E

Every major stock market in the world is either hovering just above or directly upon or has already broken a critical area of technical support.  Ordinarily this might represent a major buying opportunity.  But the current market setup may be anything but ordinary.  In fact it may be quite extraordinary.

By moving dramatically ahead of the markets and leading price lower, the market's underlying technicals tend to indicate that a sharp break to the downside is imminent.  Many indicators have led the market lower and now price will likely play catch up to the underlying technical condition of the market.  Here is just one of many examples:

In spite of a very modest 7.5% decline over 6 weeks of trading (1.25% per week), Percent of Stocks Above the 20, 50 and 200 EMA have declined to precipitous lows usually associated with huge selloffs.  This is a prime example of the technicals leading the market lower.

Many analysts are calling this a signal of an oversold market.  I think they are wrong.  To be oversold you need to see some capitulation selling and some fear and we have not seen that.  VIX has barely budged:

This technical evidence tells me that the selling HAS NOT EVEN STARTED YET.  And it is likely to get started soon.  There is MUCH more technical evidence that supports what I am saying here which will be published in a report for BullBear Traders members.

This is why I called for a possible crash.  When you have a situation where price needs to play catch up to the underlying technicals and market participants are not fearful and are still buying the dip, you have the recipe for a crash. 

Today's weak bounce is probably just another selling opportunity.  Unless the short term downtrend from the June high is broken, we have a iii of (iii) of 3 of C setup, which is a very bearish place to be.

To read the full BullBear Market Report, please join us at BullBear Traders room at TheBullBear.com.

Read more: http://www.benzinga.com/11/06/1162997/stock-market-crash-possible-soon#ixzz1PDzD92SE

Please do not forget to view the videos too in that report with technical chart reasoning 14 minutes Video.  

This email as so sent to all top executives of AMC for their views.  

We love to hear your views and if permitted to share with your name or without the name of the AMC we will share your ideas with our group.  

Thanks and appreciate your views to safeguard our clients money.

Final Decision is yours (IFAs) - Safeguard you clients money.......

Ramesh Bhat K

IFA Galaxy

SEBI panel on MFs recommends Rs 100 transaction fee: Srcs

Dennis Hong: Making a car for blind drivers | Video on TED.com

Dennis Hong: Making a car for blind drivers | Video on TED.com