Tnx Taj for the new approach to develop 2 different scenarios.
To clarify for all, the hint that Burj Dubai may open later than announced was purely wild guess/speculation/rumor. Nothing like that is announced or in the news yet.
Regardless... the recent market direction is odd and not inline with ww markets. It suggests that local markets are either decoupling from ww markets, or controlled for some hidden reasons.
Whatever the case, to me it seems strange and I sold out yesterday at closing time.
Either it has to be a rebound tomorrow holding 3.54 support or continue falling for more losses.
Now from 4.59 to 2.32 all prices are traded that no more bubbles in between though it jumped to 3.61 from 3.14.
I learned the Burj Dubai Project will have an inaguration on 4th January atteneded by top rulers of the UAE. A grand fireworks is also planned. _________________ Take your own decision; and you decide your destiny
why do you say market will now go down till March?
is their some specific reason for it act like that.
i hope Burj Dubai does open on 4th Jan,bcos i really want to see how many units have been sold in that building,or if their will be only one light ON each floor
I always read the talks as its very useful, thanx to you guys, and I never registered as I never had anything useful to share. Seeing the speculation of delaying Burj Dubai opening, I realised its time for me to register to share the following for those who are suspecting the delay:
It is not possible for Burj Dubai opening to be delayed again, even if the opening will have to be fake somehow just to meet the date especially that most of the utilities are already commissioned. Not to mentioned that the delay is unoffordable...
Also i would like to ask is there any special date other than the national day and Sheikh Mohammad's take over anniversary ?
We can't predict the next 10 days, especially with so much happening after the Dubai debt debacle leave alone you try to predict the next 3 months.
Market could move in any direction but there is no one reason that it would be heading downwards only.
Always remember DFM is a speculators market.
Burj Dubai is going to open on time, there are no more reasons to delay it, there are over 600 international journalist attending the opening and trust me they don't want to screw this up as we very well know the pen is mightier then the sword.
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