There is a lot of news that is flowing about Economic Turmoils, Regional conflicts, Commodity Price fluctuations, Terrorism, Market Crashes etc when it comes to the World and Sri Lanka. Then inside the Country we have a lack of action in promises, plans and business activity leading to low confidence levels in the public, households and mostly in business activity. As such we get the feeling that the Economy is on an almost FREEZE. Dollar is Rising, Interest Rates are Rising, No New Dollars are coming in a satisfactory way, but Dollars in our Reserves are slowly but surely coming down, DWINDLING. This chaos is leading people to be scared of the GONI BILLA the IMF's probable entry to the Country which has given shivers to the Biggest Business tycoon to the lowest Man who knows how to read the News and understand. This has lead to in action or almost Horror like FEAR on new investments, or New Business to come in thus far in 2016, and in the last 13 months. HITANG INDALA AVURUDDAK GIHILLA is what some one told me in Sinhalese, meaning that 1 whole year has passed while we were Standing. Even though it was told in a lighter vein, it means that we have waisted 1 whole year of our age without doing nothing.
SAD and SERIOUS.
BUT if you want to plan your investments and trades on Technicals, you must be humble enough to respect the TRADING PLAN. I know it is hard to filter through so much of confusion and turmoil. That is why we must understand that the PRICE and VOLUME filters all these. IT IS THE TRUTH no one can argue about it and win. PRICE AND VOLUME AWAYS WIN. There is nothing wrong in reading and understanding what's going around in the World. Which is so much easier now, thanks to the World Wide Web, but lets trade with HUMILITY and PATIENCE, strictly sticking to the rules and setups.
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