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.The next target also seems upon us. It is placed at around 5000. However, it does seem that even this target would be swept aside. As is normally the norm of the market, the targets are exceeded by a bit, so we may see a short term top around 5100.
This calculation is in keeping with the market movements for the last few days.
Was I wrong about the cycle in time? No. As has been often repeated, a cycle in time is just that, a projection of time. A window of a day or two may be granted, as emotions in the stock market cannot be dictated by mathematics.
At this stage, any other suggestion seems redundant; expect to keep tight stops to exit profitable positions.
Shorts? It is again very humbly suggested to avoid them at this stage.
1 comment:
5000 ! 5100 ! the bear in me is feeling the vertigo ! haha, ok ! as u say sirji !!
reg
ketan
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