Re: 17th dec-sensex close:19261-INTERMEDIATE TREND DOWN-BULLS EXIT>REENTER ABV 20400
sensex weekly close..19163
a roller coaster ride 2day.....
smartest of the stoplosse by cleverest of traders were seen TRGGERING 2DAY...such was the confusion on the street......it looks that a tug of war between the bulls & bears was fiercely on .....till sensex does not close abv 20400....bulls will die of starvation .. especially the f&o ones.......
the S&P index is giving just paltry 2% return as v near 2 close on nimble foot on a yearly basis overseas.....
small cap index felt the tremor 2day also giving a marked NEGATIVE breadth.....mirroring the confusion & fear among penny stock holders....
a further fall if....nxt week takes place....then f&o bulls r in for big trouble as margin calls will start trickling in.
2day was the 7th session of this intermediate downtrend...
even on monthly basis....nov was negative....while dec seems 2 b till date..
2 sum up....20400...very far from here needs to b closed in by bulls ...
till then ...remain fence sitter.....
MONEY IS ALSO MADE BY SITTING IDLE .....
sensex weekly close..19163
a roller coaster ride 2day.....
smartest of the stoplosse by cleverest of traders were seen TRGGERING 2DAY...such was the confusion on the street......it looks that a tug of war between the bulls & bears was fiercely on .....till sensex does not close abv 20400....bulls will die of starvation .. especially the f&o ones.......
the S&P index is giving just paltry 2% return as v near 2 close on nimble foot on a yearly basis overseas.....
small cap index felt the tremor 2day also giving a marked NEGATIVE breadth.....mirroring the confusion & fear among penny stock holders....
a further fall if....nxt week takes place....then f&o bulls r in for big trouble as margin calls will start trickling in.
2day was the 7th session of this intermediate downtrend...
even on monthly basis....nov was negative....while dec seems 2 b till date..
2 sum up....20400...very far from here needs to b closed in by bulls ...
till then ...remain fence sitter.....
MONEY IS ALSO MADE BY SITTING IDLE .....