The financial system- What went wrong!

Here is a good article about the mess in which the financial companies find themselves.

http://www.economist.com/finance/displaystory.cfm?story_id=10881318

Make or Break for Hind. Unilever

Hind. Unilever has been outperforming the markets. The stock is pegging at the upper band of an uptrending channel. This has proved to be a supply zone in the past few months. Also another resistance is overhead from the neckline of a Head and Shoulders Top pattern. 246-250 is resistance and the stock is at a critical juncture.

Sensex rebounds in short covering

Sensex bounced up nastily for the bears in a short covering rally today. Overall the trend remains down as the 20 day and 50 day moving averages (in blue and red resp.) remain inverted. Besides the Sensex remains below the 200 dma which is bear territory. A good opportunity to short the markets will be available soon.