Long or Short Opinion

[scplindia]

Beware, most countries are weak & have been weak for the last two weeks. But for how long, sometime, there has to be a dead cat bounce. it can happen any time, this is good enough for Indian traders, they will rally the nifty by 150 points to the upside, as they are not allowing nifty to fall.

Hence, it is very risky to take directional trade home at this point of time, today can be okay, as US is closed and most markets do not have the spine to dictate the direction, but tomorrow will be dangerous as US will be opening after 3 days of holidays.

Warned of the dead cat bounce, all world markets running over 2 percent as of this moment

 

[rajputz]

Mr.RajPutz,
So in your Opinion Nifty will again come down ?
To 4700 levels ? If so approximate Time frame ?
Expecting your reply.
Thanks.

5374 is taken out then all my analysis will be a failure...

 

[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

And we start with day 1 towards the highs

 

[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.

Dollar index fell like a rock as it was anticipated by me to drop after the shooting star and this will now continue.....

 

[rajputz]

Dow at 9788....

 

[nimish_rulz]

Dow at 9788....

What does that mean? I am looking for a full gap closure. Like I mentioned earlier but above 9850 it will be strong below 9750 it is super weak. I went short again @ a break of 9800 stop at 9865 as I thought it wont breach 9850 it did only for 2 seconds made a high of 9858 and tanked again. Looking for the gap closure as i mentioned.

 

[nimish_rulz]

What does that mean? I am looking for a full gap closure. Like I mentioned earlier but above 9850 it will be strong below 9750 it is super weak. I went short again @ a break of 9800 stop at 9865 as I thought it wont breach 9850 it did only for 2 seconds made a high of 9858 and tanked again. Looking for the gap closure as i mentioned.

Wow what a 30 points drop in 1 second stop at Break even @ 9800.

 

[rajputz]

What does that mean?

It was update...:rofl: not in any relate to your strategy buddy.

 

[AlokTewari]

I think more than dollar index , these days it is important for Euro to hold 1.25 range for markets to sustain & go up.

Cheers !!!!

Alok Tewari

 

[rajeabc]

Hi Raj/Nimish ,

Please could you let me know how can I get world markets data for Amibroker (not Amiquote ).

thanks