These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.
21 and 22 March have arrived. Now it would be interesting to see what the market does tomorrow. If the bulls are lucky, then it could give a buying opportunity. If the bears are unlucky, then it could push some more stops. All said, we may see some continued volatility till 31 March.
I received a query whether we should buy or not, as we have had a huge gap open. For that I have only one remark. Please think of the market like a bed of quicksand. Solid on the surface, loose underneath. If you struggle in it, it will pull you deeper within. Therefore, it is not advisable to buy when the market tells you, but rather when you want to buy.
As of now, the short term trend is up, the intermediate trend is also looking up and the long term trend is up. The probabilities confirm that the trend is now up. As such, dips may be utilised to buy. It would be foolish to think that the market is going to run away from us in one huge move. Please apply patience.
1 comment:
sirji ! gr8 stuff advice! u dont know how many losses u r saving ! these r ur earnings, if one is to talk spirituality !
thanx a million once again !
may-june, weather is nice in europe, if i recover my losses, i would ask u to take some time out for an all expences paid trip !
reg
ketan
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