Great Weekend

I am sorry but I have to write that I had a terrific weekend. I went to Mysore to run the Kaveri Trail Half Marathon. Other than the fact that the trip itself was good and the Trail fantastic, the best part of the weekend was that I forgot about the markets for the entire two days. This trip made me realise how much I internalise the markets. How much they are a part of me. How I involuntarily think about them almost all the time. How much effort they take out of me. Finally it made me realise what a pleasure it is to not worry about them!                                                                              

There is also one other thing that I cannot fail to mention. The trip from Bangalore to Mysore passes through Ramnagaram. For non-Sholay devotees let me remind you that this is the place where the iconic film was shot. I managed to make a small halt and walk on that hallowed ground. Took a few snaps for memories. Almost felt like a pilgrimage!

After Fridays strong closing in the US, I was expecting the markets to open up strongly. But Asia has opened weak as Greece and Europe continue to dominate the world markets. This strong correlation between markets is worrying and is also causing this dizzying volatility in the markets. I myself have found this volatility very disconcerting and the only way I have managed to retain my balance is by blindly following my system. I am flat now as I had got out of the long positions on Friday when the first hours high was taken out. Today I will go short only below 4955. No going long.

P.S  I am praying that Nature does not try and balance things out with a Bad Monday following a Great Weekend.