Useful Tools
- Thread starter amitt29
- Start date
- Status
For what its worth todays close is an important level for future.
Ok,the market did breakout of the range,however ppl wud argue vols were low.My only concern however is that it shudve reached 4490 today itself.It didnt hence i asked to hedge.See prior post.
The next logical upside levels are 4490-4509-4520-4540.I expect big move tomorrow too so that these are taken out,because if its a 3rd wave its bound to extend and gapup.
The downside levels to mantain are as previous 4440-4428-4409-4380-4357-4339-4327-4311.As you can see its a wide gap of 129 points.Some drastic thing has to happen to trigger this kind of fall from here in 1 day.
Ppl are asking in other threads not to take overnight positions,i dont see any harm in them unless You know how to trade markets,if you cant handle the heat stay out of the kitchen.
Anyone can give levels,its how you trade them its important.
Lets see how the Cow Jones does today.
Ok,the market did breakout of the range,however ppl wud argue vols were low.My only concern however is that it shudve reached 4490 today itself.It didnt hence i asked to hedge.See prior post.
The next logical upside levels are 4490-4509-4520-4540.I expect big move tomorrow too so that these are taken out,because if its a 3rd wave its bound to extend and gapup.
The downside levels to mantain are as previous 4440-4428-4409-4380-4357-4339-4327-4311.As you can see its a wide gap of 129 points.Some drastic thing has to happen to trigger this kind of fall from here in 1 day.
Ppl are asking in other threads not to take overnight positions,i dont see any harm in them unless You know how to trade markets,if you cant handle the heat stay out of the kitchen.
Anyone can give levels,its how you trade them its important.
Lets see how the Cow Jones does today.
For what its worth again would like to update again ,as was mentioned b4 in my earlier posts 4473 is another important level for this month.
So we get 4403-4457-4473.
Lets see how this pans out for the future.
The Cow Jones closed +153 there was an intraday scare.
For those who follow US
13450 on Dow
1513 on S&P 500
2520 and 2634 on Nasdaq are important.
The next leg up on US maybe led by S&P.Whether we go to new highs remains to be seen ,on US that is.
Alternation in effect.
So we get 4403-4457-4473.
Lets see how this pans out for the future.
The Cow Jones closed +153 there was an intraday scare.
For those who follow US
13450 on Dow
1513 on S&P 500
2520 and 2634 on Nasdaq are important.
The next leg up on US maybe led by S&P.Whether we go to new highs remains to be seen ,on US that is.
Alternation in effect.
For what its worth todays close is an important level for future.
Ok,the market did breakout of the range,however ppl wud argue vols were low.My only concern however is that it shudve reached 4490 today itself.It didnt hence i asked to hedge.See prior post.
The next logical upside levels are 4490-4509-4520-4540.I expect big move tomorrow too so that these are taken out,because if its a 3rd wave its bound to extend and gapup.
The downside levels to mantain are as previous 4440-4428-4409-4380-4357-4339-4327-4311.As you can see its a wide gap of 129 points.Some drastic thing has to happen to trigger this kind of fall from here in 1 day.
Ppl are asking in other threads not to take overnight positions,i dont see any harm in them unless You know how to trade markets ,if you cant handle the heat stay out of the kitchen.
Anyone can give levels,its how you trade them its important.
Lets see how the Cow Jones does today.
Ok,the market did breakout of the range,however ppl wud argue vols were low.My only concern however is that it shudve reached 4490 today itself.It didnt hence i asked to hedge.See prior post.
The next logical upside levels are 4490-4509-4520-4540.I expect big move tomorrow too so that these are taken out,because if its a 3rd wave its bound to extend and gapup.
The downside levels to mantain are as previous 4440-4428-4409-4380-4357-4339-4327-4311.As you can see its a wide gap of 129 points.Some drastic thing has to happen to trigger this kind of fall from here in 1 day.
Ppl are asking in other threads not to take overnight positions,i dont see any harm in them unless You know how to trade markets ,if you cant handle the heat stay out of the kitchen.
Anyone can give levels,its how you trade them its important.
Lets see how the Cow Jones does today.
Right on,so market has made a U,V,W whatever turn.
Was it 3rd or C corrective.
Tomorrow these levels wud determine
4430-4410-4403-4380-4357-4329-4311.
You wud note also i had created a band of 129 points and nifty made a total swing of 130 points from yesterdays close to high and todays close.Almost hit the nail on the head.
Caution level for longterm investors is still at 4065 and Sensex 14k.
Can carry forward positions if you know how to.
http://www.traderji.com/103990-post129.html
http://www.traderji.com/104221-post135.html
Ah life is so simple.Chaar din pehle mallom ho ki kab gire kitna gire,kahan se uthe kab uthe.
It would be like a cliche,but told you so.
Now then since it has given a good positive close,i expect 4490 to be important for the coming days.Use your favourite indicators and get on with it.
One more thing, follow the ftse.
For the time being I go to sleep,leaving the boys to return.
I like this market.
http://www.traderji.com/104221-post135.html
Ah life is so simple.Chaar din pehle mallom ho ki kab gire kitna gire,kahan se uthe kab uthe.
It would be like a cliche,but told you so.
Now then since it has given a good positive close,i expect 4490 to be important for the coming days.Use your favourite indicators and get on with it.
One more thing, follow the ftse.
For the time being I go to sleep,leaving the boys to return.
I like this market.
Week in review.
Lots of news flow,lots of volatility,lots of this and that.I gave a small note on friday that the low of friday at 4239 is going to be important.On wave count front still a few alternatives remain,so i am choosing a wave 3 extension for the time being.The levels that will invalidate this count are 4403-4430-4480.Markets must achieve 4530 in 3 days or less to negate this count.Thats a good 200 points away.Shortterm momentum is quite oversold hence its an oversold rally,which can get upto 4355-4390-4400-4424.
Next 2-3 days are going to be ultra important.
Downside levels are as before 4285(very important)-4311-4331.
For now letting the market decide its future course.
In the US theres news that the government is pumping in money,makes me wonder y these ppl let fundamentals out of hand to get to this situation.
Lots of news flow,lots of volatility,lots of this and that.I gave a small note on friday that the low of friday at 4239 is going to be important.On wave count front still a few alternatives remain,so i am choosing a wave 3 extension for the time being.The levels that will invalidate this count are 4403-4430-4480.Markets must achieve 4530 in 3 days or less to negate this count.Thats a good 200 points away.Shortterm momentum is quite oversold hence its an oversold rally,which can get upto 4355-4390-4400-4424.
Next 2-3 days are going to be ultra important.
Downside levels are as before 4285(very important)-4311-4331.
For now letting the market decide its future course.
In the US theres news that the government is pumping in money,makes me wonder y these ppl let fundamentals out of hand to get to this situation.
- Status
Similar threads
-
What indicators and tools do you find most useful for analysis?
- Started by ReggieFx
- Replies: 1
-
-
Some useful tidbits for index intraday trading- Started by primitivetrader
- Replies: 6
-
-