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.It is quite possible that the cycle in time of 22 May 2007 is contributing to the weakness today.
Most prudent traders would have had their stops triggered and locked in profit. There comes a time when we could step aside and allow the market to decide on its course. This could possibly be such a time.
It was expected that a short term top could have been registered yesterday. I may be wrong in my projection. It could have been today. In any case, we are stepping into the last week of derivatives expiry. Always it is a time to be prudent rather than rash.
Plan your trades and trade happy.
1 comment:
Sirji, where does it stop (ST downtrend) in ur charts - at 4180 or 4050 ?
When can we start buying ...
As suggested, common sense is a rare commodity ! So its nice of u to induce into those who have less of it !! haha
reg
ketan
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