IS INDIA SAFE–WHAT IS FORD FOUNDATION - by Prof Vaidyanathan

IS INDIA SAFE–WHAT IS FORD FOUNDATION

January 13, 2014 · by Prof Vaidyanathan · in NGOs/FCRA · 4 Comments 

Draft is modified from the mail written by Mr. Mohan.

Await for further editions.

Lot of tweets and buzz doing round about growing presence of Ford Foundation in India and Indian politics. Felt like doing some research on this. Trust me results have been shocking. It really raises questions – IS INDIA SAFE?

What is Ford Foundation?

Always thought that Ford Foundation was a philanthropic organization involved in charity, until I came across few of these links.

http://globalresearch.ca/articles/PET209A.html

http://en.wikipedia.org/wiki/Ford_Foundation

Then I realized that in the garb of charity, their mandate is to ensure WASHINGTON’S HEGEMONY (DOMINANCE) in international market.

It was established as a front of US’ Central Intelligence Agency (CIA). The modus operandi is to fund people / professions that can influence decision making and policy making – authors, historians, journalists, social activists, media companies, publishers, etc.

Digging further on this, I got even more worried, when I saw their increasing interest and presence in Indian politics.

Here is the list of Indians/ NGOs who have been funded by or have proximity to Ford Foundation

•  Arvind Kejriwal and Manish Sisodia’s NGO – Kabeer
• Mallika Sarabhai’s Darpana
•  Yogendra Yadav was funded by ICSSR of Jawaharlal Nehru University, which in turn was funded by Ford Foundation
• Amartya Sen for its books – Ideas of Justice
•  Teesta Setalvad and Javed’s Sabrang Communication, one who has been fighting against Modi all these years

And you would know, most of these guys are part of Aam Aadmi Party or are major supporters of AAP.

This poses a very serious question on why is Ford Foundation interested in Indian Politics.

Just to do further research on members of Aam Aadmi Party, I tried to find some details on other members like Aruna Roy, Medha Patkar, Prashant Bhushan and Gopal Rai…

And this was even a bigger SHOCKER to me…

Aruna Roy is the one who had sent a petition to President PRANAB MUKHERJEE for mercy towards Ajmal Kasab.. the one who killed so many innocents in Mumbai terror attack on 26th November 2008. She was also part of Sonia Gandhi’s National Advisory Council

Here are some links pertaining to the same

http://www.kashmirtimes.in/newsdet.aspx?q=11654

Prashant Bhushan, who we all know for the rubbish referendum view on Kashmir, was also the preferred mediator of the Maoists a couple of years back. Now why would they want Prashant Bhushan?? Did they trust that Prashant Bhushan would show some soft corner towards them?

Here are the links pertaining to the same

http://indiatoday.intoday.in/story/prashant-bhushan-wants-referendum-on-army-presence-in-hinterland-of-kashmir/1/334580.html

http://indianexpress.com/news/maoists-name-prashant-bhushan-2-others-as-mediators/940819/

Medha Patkar – we all know her for being responsible for delay in Sardar Sarovar Dam. But something that I didn’t know earlier, I came to know when I read the link given below. It says that tribals in Chattisgarh had thrown her out of the village of Dantewada for herpro-naxal behavior.

http://articles.timesofindia.indiatimes.com/2010-01-07/india/28114789_1_naxal-hit-areas-narmada-bachao-andolan-tribals

There were some other articles, which suggested her proximity to Angana Chatterjee (who was suspected to be an ISI agent). But didn’t know the authenticity of the article, hence not attaching it.

Gopal Rai – Ex member of Sonia Gandhi’s NAC. Was president of All India Students Association (associated with CPI (M-L)), which is known for its pro Maoist stance..

If all this was not enough, One more article that I came across and that raised doubts on CIA’s interest in India is the one in Economic Times, that suggested that Government was giving work for Aadhar to a startup – MongoDB, which is funded by CIA’s venture fund. Links to the same are given below.

http://www.firstpost.com/economy/relax-cia-is-not-snooping-into-aadhaar-via-mongodb-1268077.html

http://articles.economictimes.indiatimes.com/2013-12-03/news/44710564_1_uidai-chairman-nandan-nilekani-uid-data-in-q-tel

This really is giving me a sleepless nights. Just wondering, if we have so many anti nationals within the country, do we really see Pakistan and China as a bigger threat?

But then was wondering, why is media not exposing all this? But then somewhere the answer is in front of us – Manish Sisodia (ex journalist with Zee), Yogendra Yadav (ex Journalist CNN IBN), Shazia Ilmi (ex journalist) and the latest entrant Ashutosh (ex Managing Editor IBN7)…   Are they not a party to it?

Also wondered why people like Meera Sanyal (ex chief RBS) and V Bala (ex Director Infosys) joining AAP. Then came to know that Meera Sanyal’s NGO Pradan (which operates in Naxal hit belt) is funded by Ford Foundation. Also, Narayan Murthy (Chairman of Infosys) is on the board of Ford Foundation. Probably there could be his compulsion to align with them given that 60% of Infosys’business comes from US.

We all believe corruption is an issue, but nothing can be bigger that National Security.

We all want corruption free India and Aam Admi Party raised some hopes. But these news articles, really make me worried that by extending our support to AAP, are we compromising on NATIONAL SECURITY?

If people who can compromise on national security for personal gains, will they ever give you corruption free governance?

Like Ford Foundation, is AAP only a front face of some bigger conspiracy?

This time, I was thinking of seriously giving a chance to AAP… but not ANYMORE…

As a TRUE INDIAN, if this is worrying you as well, do forward it to spread awareness. Main Stream Media will not do that job

Yearly Report 2014 Dollar Index, USDINR, De30

US $ Positional report

Flag Bullish Chart Pattern

Implication:          A Flag (Bullish) is considered a bullish signal, indicating that the current uptrend may continue.

Description:          A Flag (Bullish) follows a steep, or nearly vertical rise in price, and consists of two parallel trendlines that form a rectangular flag shape. The Flag can be horizontal (as though the wind is blowing it), however it often has a slight downtrend. The vertical uptrend, that precedes a Flag, may occur because of buyers' reactions to a favorable company earnings announcement, or a new product launch. The sharp price increase is sometimes referred to as the "flagpole" or "mast".

The rectangular flag shape is the product of what technical analysts refer to as consolidation. Consolidation occurs when the price seems to bounce between an upper and lower price limit. This might occur, for example, in the days following a positive product announcement, when the excitement is starting to subside, and fewer buyers are willing to pay the high price that was commanded just a few days before. But, at the same time, sellers are unwilling to sell below a lower support limit.

A bullish signal occurs when the price rebounds beyond the upper trendline of the Flag formation, and continues the original upward price movement. This is considered a pattern confirmation.

Trading Considerations:   

Possibility of Price Reversal:            In some rare cases, the price will break against the original price movement, and create a reversal trend. The pattern reversal may be signaled during the Flag formation by a sharp increase in volume, as opposed to the more typical decrease.

Target Price:         It is commonly held that the length of the flagpole indicates the potential price increase. When the Flag completes, the price typically jumps to replicate the height of the original flagpole, while continuing in the direction of the inbound trend.

Expected Target:                Dollar Index is trading near the support level of 79 and is showing sign of reversal and till the time this support is holding I feel it will cross the level of 81 and test the level of 85 which is higher trend line and crossover above 85 will confirm the upside breakout where the pattern confirmation will be seen. Bull Flag pattern is still in formation stage where it’s reverting from point D and expected Breakout is seen at Point E at 85 level. Pole Difference is seen at 11.4 and after the breakout at 85 my expected target comes to 90 to 96.4 levels in long term. 

USDINR Positional report

DE30 Positional 

Yearly Report 2014 Gold, Silver, Oil

Gold Positional Update

Impulse: (IM)

An Impulse is a five-wave pattern labeled 1-2-3-4-5 moving in the direction of the larger trend.

1) Wave 1 must itself be an Impulse or a Leading Diagonal pattern.

2) Wave 2 can be any corrective pattern except a Triangle.

3) No part of wave 2 can retrace more than 100% of wave 1.

4) Wave 3 must be an Impulse.

5) Wave 3 must be longer than wave 2 by price.

6) Wave 4 can be any corrective pattern.

7) Waves 2 and 4 cannot overlap.

8) Wave 5 must be an Impulse or an Ending Diagonal.

9) Wave 5 must be >= 70% of wave 4 by price.

10) Wave 3 must never be the shortest by price when compared to waves 1 and 5.

 

Principle of Elliot wave explained

Basic Sequence

There are two types of waves: impulse and corrective. Impulse waves move in the direction of the larger degree wave. When the larger degree wave is up, advancing waves are impulsive and declining waves are corrective. When the larger degree wave is down, impulse waves are down and corrective waves are up. Impulse waves, also called motive waves, move with the bigger trend or larger degree wave. Corrective waves move against the larger degree wave.

Three Guidelines

There are numerous guidelines, but this article will focus on three key guidelines. In contrast to rules, guidelines should hold true most of the time, not necessarily all of the time.

Guideline 1: When Wave 3 is the longest impulse wave, Wave 5 will approximately equal Wave 1.

Guideline 2: The forms for Wave 2 and Wave 4 will alternate. If Wave 2 is a sharp correction, Wave 4 will be a flat correction. If Wave 2 is flat, Wave 4 will be sharp.

Guideline 3: After a 5-wave impulse advance, corrections (abc) usually end in the area of prior Wave 4 low.

Oil Positional Report Update

Price Channel (Continuation)

A price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support. Price channels with negative slopes (down) are considered bearish and those with positive slopes (up) bullish. For explanatory purposes, a "bullish price channel" will refer to a channel with positive slope and a "bearish price channel" to a channel with negative slope.

1.        Main Trend Line: It takes at least two points to draw the main trend line. This line sets the tone for the trend and the slope. For a bullish price channel, the main trend line extends up and at least two reaction lows are required to draw it. For a bearish price channel, the main trend line extends down and at least two reaction highs are required to draw it.

2.        Channel Line: The line drawn parallel to the main trend line is called the channel line. Ideally, the channel line will be based off of two reaction highs or lows. However, after the main trend line has been established, some analysts draw the parallel channel line using only one reaction high or low. The channel line marks support in a bearish price channel and resistance in a bullish price channel.

3.        Bullish Price Channel: As long as prices advance and trade within the channel, the trend is considered bullish. The first warning of a trend change occurs when prices fall short of channel line resistance. A subsequent break below main trend line support would provide further indication of a trend change. A break above channel line resistance would be bullish and indicate an acceleration of the advance.

4.        Bearish Price Channel: As long as prices decline and trade within the channel, the trend is considered bearish. The first warning of a trend change occurs when prices fail to reach channel line support. A subsequent break above main trend line resistance would provide further indication of a trend change. A break below channel line support would be bearish and indicate an acceleration of the decline.

Silver Update

Silver from the above weekly chart is taking support at 18$ mark, previously it has tested the same level in June 2013 and recently also market is failing to sustain below the support of 18$ level. Silver has corrected from the level of 49.78$ from 2011 March and have shown the formation of Elliot wave. There was a short consolidation in wave (ii) with the formation of Bar Flag Pattern, where the range of the Flag was between 35$ resistance and support of 26$ was seen. The range trading what was seen between 35 – 26 comes to 9 points and breakdown below 26$ target comes to 17$ level. On the other side silver is taking support at 18$ which is 76.4% retracement of wave I which rallied from 8.5$ to 49.78$ mark.  Recent bottom of 18$ can be taken at completion of wave II which is 76.4% retracement and also the completion of internal five wave, where reversal is expected from the support level of 18$. Calculation of the internal wave is show in chart itself and in expected to give a-b-c pattern upside move. Calculation 100% of wave I wave (a) might test the level of 35.67 before entering in the corrective wave (b) formation.

                Looking at long term chart wave I which started from 8.5$ to 49.78$ and there after correcting to the level of 18.2$ was retracement of 76.4% retracement of wave I and is now expected to enter in wave III where it is expected to move and test the level of 68.15$ which is 121% of wave I. In this uptrend there will again be the minor moves in where short term profit booking might be seen at previous support and resistance level. 

Zee Ltd Positional target 220 & 200 CMP is 282 Resistance @ 300

Decending Triangle Pattern completion @ 121.8% retracement of Pole testing 280 level.

Formation of Double top @ 284 and expected reversal from current level for the target of 220 & 200

REFILE-POLL-Fed on track to taper in March; chances of Dec or Jan rise - RTRS 10-Dec-2013 02:38

(Repeats with correct link to data page)
Majority of 63 economists say March most likely for Fed taper Just less than half say earlier taper possible

By Yati Himatsingka
Dec 9 (Reuters) - The U.S. Federal Reserve will begin trimming its monthly asset purchases in March but some economists are warming up to the idea that it will do so as early as this month or at the January policy meeting, a Reuters poll showed on Monday.
Another month of strong U.S. hiring and an unexpected drop in the jobless rate reported on Friday prompted several economists to bring forward their expectations for when the Fed will begin paring back its $85 billion of monthly bond buying.
Nearly half, 29 of 63 economists, think the taper will happen in either December or January, before Janet Yellen is expected to take over from Ben Bernanke as chair of the Fed. Nine say it will happen at the U.S. central bank's Dec 17-18 meeting; 19 say in January, and one said either December or January.
In a poll taken just over two weeks ago, 16 of 62 economists were calling for a taper in January, and just three said December, with the rest saying March or later.
But the majority of economists polled, 33, still expect the Fed to start trimming its bond buying in March.
Out of 41 common contributors in both polls, 10 have now brought expectations forward. Six have pushed them ahead, while more than half, 25, have left their forecast unchanged.
World financial markets are on tenterhooks over when the Fed will taper. A decision to not cut back on bond buying in September lit a fire under many stock markets around the globe, and some have rallied to record highs.
"The recent employment data do increase the likelihood that the Fed could taper its asset purchases in December, but we believe the committee will continue to view declines in the unemployment rate as overstating the amount of improvement in labor markets," wrote economists at Barclays Capital.
And while most agree the job market is finally on the right track, there are plenty who think that inflation is not.
"The best argument for tapering is that it has to start sometime, but the low inflation trend is likely to lead policymakers to delay the initial tapering until March," said Scott Brown, chief economist with Raymond James in St. Petersburg, Florida.
The Fed has been buying long-term Treasuries and mortgage-backed securities over the past year in an attempt to keep borrowing costs low to put the economy on a path of sustainable growth and boost the jobs market.
Data on Friday showed firms hired more workers than expected in November and the jobless rate fell to a 5-year low of 7.0 percent. (Full Story)
A firm majority expect the Fed's current third round of asset purchases, called QE3, to end in the second half of 2014.
Consensus expectations for the size of the initial tapering were unchanged from the November 20 poll at $10 billion a month.
As in many of the past Reuters polls, a majority of respondents said the cutback would be evenly split between Treasuries and mortgage-backed securities. The rest thought the Fed would favor a larger cut in purchases of Treasuries.


(Reuters poll of primary dealers from Friday: FED/R)

Elliot Wave Pattern Formation in NIFTY on Closing basis in NIFTY Spot

Inverted Head & Shoulder and Elliot wave Graph on Bank Nifty