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.On 15 May, it was suggested “if the gap is not closed, then we may see a runaway gap, which could reinforce the bullish sentiment.” The market did open with a gap, but we did not really see a runaway gap. In any case, the bullish sentiment has reflected well in today’s sharp move up.
Today, the short term trend has changed as up. From the way the market is behaving, it is my expectation, that this up move may be short lived. In fact, as stated earlier, we have a cycle in time on 22 May, which could be a short term top. If the market behaves itself, then we may see the trend continue up till 22 May.
Plan the trade and trade happy.
2 comments:
sirji u r not showing us time cycle of 22 may on ur chart ! do share "that" chart also !
Also, i did some research ! There had been a person called "cooldush" on geocities, who used to share lots of info, especially on fans and grids.
Do help us find him and his treasure.
reg
ketan
hello ketan,
It is a great effort on your part to locate cooldush. I am sure that by now, you may have surmised that cooldush and me are the same.
All "his treasure" is already there on the net, in cached pages and also on various websites.
Dusant
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