Long or Short Opinion

[rajputz]

RCOM has given me a ghost signal on EOD charts. Down Rally may start from tomorrow. Will be buying some puts of it too. Pivot low of 189 was also broken today.

And the movement of stochastic is also weak, and supporting the downmove.
A regular divergence can be seen where price is making Higher high and oscillator is making lower high.

 

[aditya14]

level 100 of SPY contracts have the most build up now make of it what u will but i see a 5% rise from here which will easily take us past 5400

 

[rajputz]

level 100 of SPY contracts have the most build up now make of it what u will but i see a 5% rise from here which will easily take us past 5400

Well i wish you are right and i am wrong. You are on the bull side and so is my father. I am short and he is long . So dont know what will happen in this case...

 

[rajputz]

level 100 of SPY contracts have the most build up now make of it what u will but i see a 5% rise from here which will easily take us past 5400

Well i wish you are right and i am wrong. You are on the bull side and so is my father. I am short and he is long . So dont know what will happen in this case... he has his reason to go long (intellectual basis), and i have my reasons to go short (indicator and my chart reading basis). And my vote and wish is on his side.

 

[rajputz]

I got this image on some other forum. Hope it is helpful. How the economic Cycle works.

 

[aditya14]

Well i wish you are right and i am wrong. You are on the bull side and so is my father. I am short and he is long . So dont know what will happen in this case... he has his reason to go long (intellectual basis), and i have my reasons to go short (indicator and my chart reading basis). And my vote and wish is on his side.

ur in a WIN WIN position

 

[aditya14]

Just came across the dollar index charts and boy is it going to fall like a rock aligning perfectly with a bounce in DOW,S&P.

Shooting star on the dollar index the most lethal of indicators.

 

[rajputz]

Sell is still intact on tatamotors. I can start zooming to downside any time. Yesterday was increase in sell of volume of tatamotors. Check the EOD chart.

 

[SwingKing]

Just came across the dollar index charts and boy is it going to fall like a rock aligning perfectly with a bounce in DOW,S&P.

Shooting star on the dollar index the most lethal of indicators.

Dollar index is at a very sensitive position. I'll still bet for the dollar index to start moving upwards. It may have 1-2 sessions of down days, but it should renew its upward journey pretty soon.

Just my view.

Tc

 

[simple_trader]

This is applicable for today intraday - I feel market will test 5270-75 NF. This area is a critical resistance zone for today. In case we can not take out, there is a possibility that market can fall to 5180. If we sustain above 5275, then it will be good for up move.

Though I am personally bullish on market in swing wise.