Re: Shocking Up Move On Friday 13th March 2009
Hi Ganesh,
Todays Move Shouldn't Have Come As A Shock Just For A Couple Of Reasons
a) Yesterday We Closed Only 183 Point Up Because There Was A Lot Of Trepidation In The Market Whether DOW Could Follow Through On Thursday
b) Since DOW Did Follow Through On Thursday, Therefore Earlier Trepidation Was Discarded In Favour Of The Rally You Saw Today.
Since We Had A Gap Up Look For Next Few Sessions To Close The Gap & That Possibly Could Provide A Point Of Entry Or Re-Entry For Short Time Frame For You.
Happy & Safer Trading
SavantGarde
Hi Ganesh,
Todays Move Shouldn't Have Come As A Shock Just For A Couple Of Reasons
a) Yesterday We Closed Only 183 Point Up Because There Was A Lot Of Trepidation In The Market Whether DOW Could Follow Through On Thursday
b) Since DOW Did Follow Through On Thursday, Therefore Earlier Trepidation Was Discarded In Favour Of The Rally You Saw Today.
Since We Had A Gap Up Look For Next Few Sessions To Close The Gap & That Possibly Could Provide A Point Of Entry Or Re-Entry For Short Time Frame For You.
Happy & Safer Trading
SavantGarde