Keep booking profits at appropriate levels
Let 3070 break we will again fall back to 2900-2800 lvl
happy trading
Thursday, April 9, 2009
Wednesday, April 8, 2009
i agree that first set is nearly complete on both KIN & SMR. but if I remember, at the start of the bear run, KIN & SMR both gave a false impression of Bull devices and both failed to pass the time test
i am still awaiting the Election season. once this so called TEJI (speculation as per me, at present) is sustained after election results, then i will surely believe that we are in the BULL mkt.
As of now, it will b pre-mature to say that Bull mkt has evolved. a few conditions are yet to b passed to b considered as firm Bull gripped mkt.
as of now, buying is adviced so that ppl shudnt feel that they missed out on an opportunity to enter at the start of the bull run [if it is actually the start of the bull run].Also, when we know that money is made on the long sides then better trade practically and Keep SL in BUY calls, so that money is made and then cash is withdrawn so that traders feel themselves wise to take profit of the trap [if its a trap and ppl fall to it at the end]
In both the conditions ppl will make money, but now i wont advice to buy at these levels, being so high. but those who have bought they shud keep on trailing their SL so as to keep their profits to a marginal safety.
Mkts always surprise
personally i dont believe in V recoveries. i am a believer in U recovries. and if this is a REAL "V" recovery then we will surpass 21K in no time. mark these words. we took 5 yrs to reach 21K and we will take less than 2 Yrs to attain something higher than that, if this recovery is really a recovery
Broader scale
change the scale of Charts and put the wave thories---both DOW & Elliot. u might see the time puzzle as well [:)]
DISCLAIMER:- I m long since my SL at 2835 was hit. my costing is quite low in many scripts and NIFTY, so dont trade by my words at these levels. keep ur eyes open and trade wisely
Happy Trading
i am still awaiting the Election season. once this so called TEJI (speculation as per me, at present) is sustained after election results, then i will surely believe that we are in the BULL mkt.
As of now, it will b pre-mature to say that Bull mkt has evolved. a few conditions are yet to b passed to b considered as firm Bull gripped mkt.
as of now, buying is adviced so that ppl shudnt feel that they missed out on an opportunity to enter at the start of the bull run [if it is actually the start of the bull run].Also, when we know that money is made on the long sides then better trade practically and Keep SL in BUY calls, so that money is made and then cash is withdrawn so that traders feel themselves wise to take profit of the trap [if its a trap and ppl fall to it at the end]
In both the conditions ppl will make money, but now i wont advice to buy at these levels, being so high. but those who have bought they shud keep on trailing their SL so as to keep their profits to a marginal safety.
Mkts always surprise
personally i dont believe in V recoveries. i am a believer in U recovries. and if this is a REAL "V" recovery then we will surpass 21K in no time. mark these words. we took 5 yrs to reach 21K and we will take less than 2 Yrs to attain something higher than that, if this recovery is really a recovery
Broader scale
change the scale of Charts and put the wave thories---both DOW & Elliot. u might see the time puzzle as well [:)]
DISCLAIMER:- I m long since my SL at 2835 was hit. my costing is quite low in many scripts and NIFTY, so dont trade by my words at these levels. keep ur eyes open and trade wisely
Happy Trading
Subscribe to:
Posts (Atom)
