Bulls, Bears & The Lion
- Thread starter findvikas
- Start date
yes bhai... its like a summer holiday's homework for Nifty... It must submit above 5600 by 15th August to get freedom from this range and then see above 6000 or maybe 6200 by December...about the SL actually its 4700 but short term momentum is very bearish infact.. its "fearish" while the long term trend is still unshaken. If only PIIGS & STUPID allow then we will see a new all time high very soon.
FTSE is trading below a very critical level of 5000 and its a done deal if it does not bounce back. Bears can rule the market for months if Europe does not bounce back sharply and looking at FTSE I am very skeptical that Bulls have any power left for now.
On a contradictory, US 10yr Bonds are making a bearish H&S pattern in monthly charts & Bearish Wave in Weekly charts which is some hope that Bonds market will collapse and bulls run will return in some days.
Gold is also falling sharply and as long as it stays below 1200 I am expecting it to touch 1100 level which is again good thing for Equity bulls.
Today US Index Futures' low is almost the same level of few days back when market crashed 10% in one day... some rumors says that some big hedge funds got trapped in that sudden crash and forced markets to go down once again to get out of their losing hands which means with all this fear in the market they will book out of their losers and go long to push the market up from Monday, lets wait for some positive news over the weekend to gap up and all the shorts gets squeezed to give it a rocket speed move on the upside.
Disclaimer: I am looking at technicals & some rumors spreading in the market.
On a contradictory, US 10yr Bonds are making a bearish H&S pattern in monthly charts & Bearish Wave in Weekly charts which is some hope that Bonds market will collapse and bulls run will return in some days.
Gold is also falling sharply and as long as it stays below 1200 I am expecting it to touch 1100 level which is again good thing for Equity bulls.
Today US Index Futures' low is almost the same level of few days back when market crashed 10% in one day... some rumors says that some big hedge funds got trapped in that sudden crash and forced markets to go down once again to get out of their losing hands which means with all this fear in the market they will book out of their losers and go long to push the market up from Monday, lets wait for some positive news over the weekend to gap up and all the shorts gets squeezed to give it a rocket speed move on the upside.
Disclaimer: I am looking at technicals & some rumors spreading in the market.
In the strong bull market he was giving bearish calls for months, now in the bearish trend, he gives bullish calls, with a pull back expected any time, He will get fooled & how typically like the retail trader.
What do you think. He should give you the sell signal at bottom, and buy signal at top. Amazing friend. Keep Going.
On the 100% above of retracement to the nearest fall, you wanted to buy considering it the bull market (strong), now price is retracing to 61% of the previous bull campaign, and here you want to short. Even if you would have gone with the trendlines, there was no idea buying there at top, and now selling, where reversal can occur.
You want to theoratically go with the classic example of buying at top and selling at the bottom.
Check the chart: -
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