Nifty Futures Trading Part 2 (Positional)

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Please any one can tell me is this H & S hupla going around everywhere,if i remember well H & S are significant when head is the top of a particular timeframe.As H & S are revered for its ability to tell major tops and bottoms ( inverse H & S ).Those H & S are not any sgnificant as on 6 month time frame H&S made at right age not at top age.
Any clearification will be appreciated.
P.s. Thanks Alex for clearing volume indicater i will post mine as s& p going to close,might be tomorow& congrats crude at 98$
 

xtalk

Active Member
In Blomberg somebody joked that after the demise/bail out of Bear Sterns, Lehman, Merrill Lynch and AIG....the US Fed is now world's largest invest bank with toxic assets.

He was so correct and IMO its not a joke either. Btw. this is the 12th month of bear market for US.
 
In Blomberg somebody joked that after the demise/bail out of Bear Sterns, Lehman, Merrill Lynch and AIG....the US Fed is now world's largest invest bank with toxic assets.

He was so correct and IMO its not a joke either. Btw. this is the 12th month of bear market for US.
Next fib no. is 13.
 

orderflow13

Well-Known Member


S&P cracked today more than 4.5%, adx almost touching to 40,if it touch then bear trend will accelerate.when i compare adx with our adx( which is rising upto 30)that means,s&p adx ( which is not a bullish or bearish signal,but tell us market is in trading range or trading , n trading with how much conviction)giving leading signals.We can expect nifty adx chasing us adx to 38 EOD,
US vix is peaked to intermediate high of 36( but not all time )and our vix around 32 so we expect vix 36 EOD .So on expected gap down today morning no buying is advisable as all signals suggesting we will have BREAK AWAY GAP yet again.And breakaway gaps are really trend decider
 
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