If everybody think like that and wait for the line to break for going LONG then it will never break on the Upside... Then how it will be breaking..?Anything smells? Please comment. (This is not a funny statement.)
Q: Then how it will be breaking..?
Regards,
Hari.
Lol
Hari this smile is for
(This is not a funny statement.)
Well it is same like for every buy their must be a seller , both thinks himself more smarter than other.
Your question is like Sell on MACD bearish cross after negative divergence but if every body will sell their than who will buy. Main difference is how many watching MACD signal.
In my guess you got reply but to make it more clear. That line is visible to some traders only , for example we are seeing here because dada helped us to see these lines daily on charts but how many are able to see that line , even after seeing many ignores and pays the price.
One last line how many saw RSI above 70 in Jan 2008 in Nifty and almost every stock.
Devan