Wednesday, September 19, 2007

Nifty for 19 Sep 07

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.

Phew!!! Finally the market has obliged this humble analyst.

With a gap up opening through a short term target, no further analysis is necessary, except reiterating that the market is indeed bullish.

Just yesterday, it was suggested that … “In fact, we just seem to be entering the bubble stage, where the corner pan walla also becomes a stock market analyst.” Today seems the beginning of the bubble stage.

It was suggested two weeks back that we may encounter a cycle in time on 24 September. This could possibly be a short term high.

No other words seem necessary except that these humble musings may have helped some readers to make some money. Except a major word of caution. Please do not get carried away by the tidal wave. Please keep your feet firmly implanted on the ground, plan your trades and trade happy.

1 comment:

pandyaketan said...

bubbles mean a correction may follow, will it change the "main" trend ?? can i short now ?? meow ... purrr...