Nov 112008

On 15th October, when Dubai was trading at 3427 I warned that we could see 2760 if it started to come off quickly. Today it reached 2343, and a lot of investors are worried. A safe level to buy will be around 1860 in the index. As always, when one is trying to pick a bottom in a bear market, the amount risked should be small. Only when we get a decisive turn should we expose ourselves to a larger amount. Here is your chart of the DFMGI.

  One Response to “Dubai Index”

  1. Hello ramki, Whats you take on current situation of DFMIDX chart given that oil just jumped up to almost 75$. And the INR chart can you update it also?

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