As I sat down to make predictions about Indian stock market for the month of September, I looked at my July and August predictions. I had used the word “good to average” for July predictions. For August, I did not predict the sudden drop in the market, which is indeed a failure. At this time, I am not ashamed to say that my reasonable skill as an astrologer is not translating to predictions in financial astrology. I think I need more time to research. My modelling tools at this time are limited. Although I have specific ideas on how to take forward and am working on it, I do not think they are ready to be exposed to the world as a blog.
I also need to increase the stocks in my kitty of analysis. I have limited number of shares, which many of you may not be interested in and many of the stocks that are higher volume in Nifty and Sensex are not being tracked by me.
Lastly, I have learnt that Indian stock market is intricately connected to other American, Asian and European stock markets. Unless I start modeling these indices, the overall picture will never be clear.
Therefore, I am taking a break from this for a month or two. However, this is just temporary and I will be back pretty soon with much more accurate predictions about the market…