WINNING STROKES: THINK DIFFERENT:

The Crude Oil as mentioned by me to the Paid Members on last Friday crashed out in the International markets, just ignoring what Mr.George Soros had said a couple of days back. From the last few months he has been shouting about rise in oil prices. It seems Mr.Soros is struck up in Crude Oil Futures and wants to exit fast, hence this cry for help!!!

I do not know why some media channels feel eleated to bring these people time again again, when the time has repeatedly proved them wrong, in the last few months.

It is lamenting to see that media never shouts when these band of old horses are wrong but sing praises as soon 10 out of 100 predictions come out to be correct. No one can beat CNBC in this regards (both Indian and Overseas Editions). Now they are going paid (Dish TV) and I do not know who will watch their these pedestrian programmes paying an additional Rs.25 per month except compulsory traders like me.

Moreover, with Lata and Senthil doing the morning slot, the time has come for the channel to wind up--as this seems to be the last cylinder of oxygen before the morning slot goes bust.

Even Ayesha or Udayan-Mitali combination was better than Lata, but no one knows whose idea is to cast her in the morning slot; her dry humour will only kill the viewership.

Another thing which I noticed is that Bloomberg often highlights the comments from some Old Horses and wants to take credit. But they have failed miserably in the last few months and their attempts to become hero have only turned them into a zero. Now it seems Blooomberg has become the unofficial panderer to the Democratic Party of the USA (read Barrack Obama).

If one needs to get the most pessimistic view of the US economy then start reading Bloomberg, one will not feel cheated. Over the years bloomberg has proved that it has to travel a long way before it can become CNN or Fox News.

I have earlier talked about the late night Programme named 'Fast Money", in CNBC, where some people sit in the studio and tries to shout the other out. In the confusion and chaos created, very few understands what they are trying to say. In fact after watching the Pandemonium on 'Fast Money', ones' brain is bound to become slow........So the name of the programme should have been "Shout Money Money....."

Bloomberg is now behaving like CNBC TV18 which does not know what do give to the audience and whom to place as anchors in the morning slot. Like CNBC they also want to run their vehicles with Old Horses with depleted looks and teeth less jaws:

This is what I have written to the Paid Groups on last Friday Morning when most of the Foreign Analysts were speaking of Crude Oil shooting up and our joker-analyst Ashwini Gujr*l saying that Crude Oil has bottomed out and everyone should sell: 'Yesterday Crude Oil rose due to some False Apprehensions, Weakness of Dollar and hence Oil Prices will not sustain at these levels.

Meanwhile Lehman Brothers have predicted Crude Oil price of $90 per barrel by the end of this year which looks likely due to current factors governing world economy. The Nifty is are not expected to break 4250 today......

Buy Ram Informatics Ltd, Sunil High Tech Engineers Ltd, Southern Online Bio Technology, Tech Mahindra Ltd and Exit Tata Tele Maharastra Ltd (TTML) and Sesa Goa:

Ennore Coke Ltd has started hitting the buyer freeze from last Friday:

Oil: Biggest drop in 17 years

Crude prices fall by largest dollar amount since 1991 as investors fear the decline in U.S. demand could spread overseas as Europe's economies slow.

NEW YORK -- Oil prices plummeted Friday, erasing the previous session's spike, as the dollar strengthened and investors worried that a decline in demand will spread outside the United States.

U.S. crude for October delivery dropped $6.59 to settle at $114.59 a barrel on the New York Mercantile Exchange.

The drop in oil was the largest single-day slide in dollar terms since Jan. 17, 1991, when oil fell by $10.56. On that day, President George H.W. Bush withdrew oil from the Strategic Petroleum Reserve ahead of the first Gulf War.

But in 1991, oil was trading at just $32 a barrel, so the more than $10 slide in dollar terms represented a record 33% drop. Oil fell 5.4% Tuesday, which does not even crack the top 50 price declines in percentage terms.

Oil's second-largest slide on Friday comes a day after the second-largest gain on record. Crude futures soared $5.62 a barrel Thursday to rise above $121 a barrel.

"We're trending towards a lot of oil price volatility on the direction of the dollar," said Peter Beutel, an oil analyst with Cameron Hanover. "There are huge amounts of money involved, and the large moves have been based primarily on dollar strength."

Dollar rebounds: The dollar rose after a key measurement showed British economic growth stalled in the second quarter.

The U.K.'s gross domestic product between April and June showed zero growth, the country's statistics office reported Friday.

The economic weakness in Britain signaled that falling demand for oil due to high fuel prices could spread to Europe, according to Kyle Cooper, director of research with IAF Advisors in Houston.

"Fewer trucks delivering packages, fewer people going to work ... There's a very strong correlation between GDP growth and oil usage," said Cooper.

The U.K. report follows other reports this week showing weakness in the euro zone and Japanese economies, putting U.S. investment - and the dollar - in a more favorable light.

A stronger dollar makes crude more expensive for foreign investors, because crude futures are traded in U.S. currency. Rising dollar values also pull investor money out of oil, since many use crude and other commodities as a hedge against inflation.

Georgia-Russia: Oil rose Thursday on tensions between NATO and Russia over the nation's occupation of Georgia. Georgia contains several vital pipeline links that carry crude oil and natural gas between Europe and Asia.

But those tensions appeared to ease Friday.

"There was the potential for some type of action across the Georgian border and we just haven't seen anything," said Neal Dingmann, senior energy analyst with Dahlman Rose & Co.

Also easing supply worries, a BP-led consortium prepared to resume oil flow through the region's Baku-Tbilisi-Ceyhan pipeline, a major oil link between Turkey and the Caspian Sea.

"We're still integrity testing," said BP spokesman Toby Odone, "We expect it will be back in normal operation next week."

U.S. gasoline demand: Falling demand for petroleum-based fuels in the United States has been the main force behind oil's fall from a record high of $147.27 in mid-July.

Demand for gasoline last week was about 9.5 million barrels a day, or 1.6% lower than it was last year, according to an Energy Department inventory report released Wednesday. Drivers were also spending less time on the road in June, according to a second report from the Transportation Department last week.

Drivers will even cut back over the Labor Day weekend, according to a projection from motorist group AAA. The number of travelers avoiding cars and air travel, and using buses, trains, or other transportation will increase by 12.5% this year, AAA said.

National gasoline prices are down more than 42 cents a gallon from the record high set last month, according to the AAA's daily survey of service stations, falling below $3.70 a gallon.