An angel heard his plea and appeared to him. "Sorry, but you can't take your wealth with you."
The man begged the angel to speak to God to see if He might bend the rules. The man continued to pray that his wealth could follow him.
Soon afterward, he died and showed up at the gates of heaven to greet St. Peter.
St. Peter, seeing the suitcase, said, "Hold on, you can't bring that in here!"
The man explained to St. Peter that he had permission and asked him to verify his story with the Lord.
Sure enough, St. Peter checked it out, came back and said, "You're right. You are allowed one carry-on bag, but I'm supposed to check its contents before letting it through."
St. Peter opened the suitcase to inspect the worldly items that the man found too precious to leave behind and exclaimed, "You brought pavement?"
"The great street of the city of heaven was of pure gold."
- Revelation 21:21
-- Author Unknown
19 comments:
Value changes with place and time!!! We forget it many times. Nice educative story. Thanks Ilangoji.
Good one...one should not have wrong impression about himself.God has ceated superiors of superior.Then u can't beat the creator itself.
sir
nice one.
maybe now the man will start praying that he shud be
able to carry the bag back whenever deported back to
earth
Thank you Sir.
Dear Ilango,
Very Nice..
The second thought,"Whatever you want to gain in the life ,share it with others"
Thank you sir.
http://www.bripblap.com/2010/letter-from-a-thief/
Ilango Sir,
I am a silent visitor and (wish to be)loud admirer of this exponentially growing forum.
@u.k.Raj
Thanks for :http://www.bripblap.com/2010/letter-from-a-thief/
The above letter is a Must Must Read for all visitors to THE FORUM.
Also the site "www.briplap.com" is a wonderful site, highly educative and entertaining.
Thanks and Best Wishes , to Ilango Sir and all those who are contributing to this forum selflessly and tirelessly.
ttthakur
Hai everyone
Nifty daily analysis
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-weekend-analysis-daily-chart.html
Thank you
Dear Ilango
Something for your friends here to spend their weekend;
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Divergence;
http://www.trading-naked.com/Divergence.htm
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Chartgame...simply too good if you tryin2trade !!! :-) ;
http://www.chartgame.com/
------------------------------------------------
A few articles to wile your time away;
http://www.traderslog.com/technicalanalysis.htm
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Guess this ought to keep some of the ppl busy for a few hours (certainly not the hours reserved for the family)!!!
Cheers!!!
Thiru Ilango,
Fellow disciples deciphering "Open
Interest" as an indicator are searching for the
proverbial pot of gold under the rainbow;
OI is"apparently" helpful.
The pivot points and EMA's clubbed with momentum
indicators are "only" helpful.
The ever benovelent Guru is requested to shed
light, to prevent further "analysis paralysis"
PS- The target of 5200 that self had mailed you,
appears to be elusive.
Dear Sri,
Even I'm not an options expert. However replying to ur query with whatever experiance i have:
"In option, there is a thing called Premium and do they suggest something?"
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I already said market are options heavy. That means at the moment selling puts will generate more premium as compared to calls. When implied volatility is high, time premium on all options is very fat, making it a good time to sell options. Same was/is the case with put options. Option writers will make more money selling puts rather than calls. That's one of the main reason that PCR surged from sub 1 level to 1.5 odd level.
"For June, after 5100 & 5000 PE, 4600 PE added highest OI...the same way in 5300 & 5400 CE added high OI...what does it indicate?"
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Again on Options Front I already stated market was bullish. Regarding action in 4600PE....I dont really rely upon action in OTM calls/puts. They are generally misleading & option players use them as Strangle/Spread strategy. Take for instance last week of may. Every news channel was shouting that FII's are buying Puts heavily in the range 4500-4200. Still the markets reacted opposite. Same was the case in early Feb this year. Big players usually play different options strategies depending upon the market conditions & mislead the retail investors. As Ranga pointed out that "market from options data seems to be screeming the impending downside", What I would like to add "options are mostly lagging indicators" (as stated by dear Girish a couple of days back).
@Ranga
You said you take prices of equidistant options as a barometer!
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When you are talking about 60 points intraday range of nifty (I'll better take NF range as options are traded based upon movement in NF) say 5070 - 5134, it'll be better to take into consideration 5100PE & 5100CE rather than 5200CE.
If you are taking 5100PE & 5200CE as equidistant options for this NF range i'll better take into consideration percentage difference rather than point difference. Comparing in terms of percentage would be the correct unit to measure the swing difference between these two options since there was already a difference of 36 points in these two options as per their last (thursday) closing value.
This price difference (36 points) from previous day almost fills the gap of 40 points that you are talking about (take remaining 4 points as premium paid for 1 day).
I hope I put up the point correctly....All options experts, if I'm wrong somewhere please point out.
Sorry sir I occupied some extra space of your blog this time.
Happy Weekend :)
Good article, sir. I strongly believe in the Gita - "What did you bring to this world, and what are you going to take from here ? So do your duty".
Question is: What would you like to take back in your carry-on ? Good memories, I assume will be a is decent choice. To me, i want to take back nothing.
-- gd
Good story Sir.Jesus said "I am the WAY,TRUTH and LIFE."Noone can reach to Heaven without Him. SAM
@manni,
//That means at the moment selling puts will generate more premium as compared to calls.//
But if you compare premiums of last few days from 4200 to 5400 PE premiums are decreasing ...
In May 4800 PE built up was there from earlier series, we have seen nifty touching near to 4800 levels..so it has some relevance as all those strategies consider nifty spot levels.
It is created by one FII and have mentioned in my comments earlier in April. OTM position do indicate some significant thinking in the minds of option players.
I appreciate your saying "options are lagging indicators..."
Hai everyone
Dow jones is forming a falling wedge in daily line chart. So a reversal from 9800 levels is possible. I am posting the dow chart here.
http://niftychartsandpatterns.blogspot.com/2010/06/falling-wedge-in-dow-jones-daily-line.html
thank you
Hi everyone,
Posting a nifty 2 year trend chart. Experts please comment if something is wrong.
http://safegamble.blogspot.com/2010/06/nifty-2-year-trends.html
-- gd
Hai everyone
I am posting the bank nifty line chart here. Bank nifty's false break outs are shown here.
http://niftychartsandpatterns.blogspot.com/2010/06/false-breakouts-of-bank-nifty.html
thank you
@Sri
But if you compare premiums of last few days from 4200 to 5400 PE premiums are decreasing ...
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I know dear thats y i already stated - 'Same "was"/"is" the case with put options'.
"was" - Few days back puts were giving huge premium. That's why PCR surged from sub 1 level to 1.5 odd level.
"is" - Puts are still giving more premium as compared to calls.
I received a mail from Sanjeev (reader of this blog) & he asked me about maximum options pain chart. I don't follow this chart....but yes it reminded me of 1 important point I read some time back. At a specific price point, if the put value is larger than the call value, the stock price may stop above the strike and make the put options worthless & vice versa.
Thanks Sanjeev for bringing this up.
"In May 4800 PE built up was there from earlier series, we have seen nifty touching near to 4800 levels."
"It is created by one FII"
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1. Big players usually play different options strategies depending upon the market conditions & mislead the retail investors. You are just putting fwd one side of the coin (4800PE build up). How did that single FII positioned himself on the other side (using Vertical Bear Put Spread strategy or Covered Put strategy or Calendar strategy, etc etc) that we dont know. If you can provide that data may be I'll be able to provide more insight.
2. I don't really rely upon action in OTM calls/puts. They are "generally" misleading (not always).
3. we closed above 4800 (infact above 4900) in last series.
^^^^^^^^^^
Sorry...we closed the last series above 5000.
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