QUICKGAINS PREMIUM NEWSLETTER 10/9/08

GOOD MORNING.

DEAR FRIENDS,

SKELETONS IN THE CUPBOARD

U.S. HAS BROUGHT OUT LEHMAN BROS ( A BIG TIME BANKING FIRM ) AS THE NEXT CASUALTY OF SUB PRIME FIASCO. THE NEWS WAS LONG OVERDUE, BUT WAS KEPT UNDER WRAPS FOR REASONS BEST KNOWN TO REGULATORS OF U.S. ECONOMY.

NEWS HAS BROKEN THE BACK OF DOW AND IT IS DOWN ALMOST 280 POINTS. EVEN THE FALLING CRUDE WAS NOT ABLE TO STEM THE SLIDE OR IS IT THAT THE SLIDE COULD HAVE BEEN MUCH BIGGER??

SENSEX HAS 2 SUPPORTS PLACED AT 14400 AND 14200. A BREAK BELOW 14100 WILL MEAN A DEEPER CORRECTION TO 13300 - 13100 REGIONS.

ARVIND MILLS WILL TURN WEAK BELOW 33 TO CRASH TO 30.50 AND BELOW 30 WILL SLIDE LOWER TO 27.50. BULLISH REVERSAL IS POSSIBLE ONLY ABOVE 36.

TODAY, SENSEX WILL REMAIN UNDER PRESSURE BELOW 14870 AND MAY TEST 14740 & 14590. ONLY ABOVE 14910, ONE MAY NURSE FEELINGS OF BULLISHNESS. UPSIDE RESISTANCES ARE PLACED AT 15025 & 15150.

TAKE CARE!!

BEST REGARDS,

NS FIDAI

DISCLAIMER:[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]NOTE:[ If you wish to discontinue recieving the daily newsletter, please reply mentioning "UNSUBSCRIBE"]