DOWN BUT NOT OUT TODAY

Horrendous start to the day..gap down and falling all supports broke..finally reached a support where buying emerged & what a run , despite repeated selling again & again the markets kept trying to recover losses..ending in a HAMMER CANDLE IN DAILY CHARTS.( long tail at bottom, shorts covered)...hope my call before the 11.30 am close helped and all those friends who visited the blog could buy calls and stocks....lets breathe a bit easiar with todays closing and reflect over the holiday as to what next..as the sunoutage days has really drained every bit of energy from all.. relax & enjoy the festivities my friends..cheers...

COMPLETE BREAK DOWN

Markets just melted away..the carnage continues..best is to sit back and let it unfold its frenzy. we are near supports so shorts can be covered and wait for longs to be initiated..some out of money calls say 3900-4000 type can be initiated later today ,stocks are at good valuations and some long positions can be initiated here for short to mid term for the pull backs (use own funds only which you can hold)....keep away from futures etc...cheers..

CARNAGE AGAIN

No respite for the global markets..Watch the ANDREWS PITCHFORK/SPEED LINES INTRA CHART i had posted before for supports.. today also is the last day of truncated sunoutage trading..this whole period has been real bad ,a specially the last few days...Evaluations are coming to attractive levels , this trend has to snap/stop , SMART MONEY waiting for long should be ready to jump in anytime , maybe waiting for cues /dollops from the goverments all over the world. Wait for stablity to come for taking any calls.Tomorrow being a holiday keep light trades or just stay away..cheers.

ps. will try to post after 11.30 am with some chart for todays trade..