Wednesday, June 10, 2009
SURGING AHEAD
Markets opened higher and frenzied short covering took it zipping away in no time...Please note markets have crossed the OLD SWING of 4649( August 08)...and closed over it..( FROM YESTERDAYS LOW 300 POINTS PLUS) Markets will always remain bullish over this level...The NEXT SWING or swings over this are far away..The intraday unwinding also was quick & swift..so care should be taken in longs in the next day or so..enjoy the day ..cheers..
BULLISH STILL
First of all thanks for the response to the TRADING SYSTEM I posted.. Will try to reply as soon as possible with details..
The markets closed at threshold of 4550 again yesterday..Asian markets are positive..We should watch 4590-4607 closely over which 4650 again become a top. Supports now lie at 4510 app. levels.Plainly speaking Its becoming difficult to say what will happen tomorrow..The WHACKS are HARD, sudden with surprise..so are the recoveries..This will end on one side one of these days..When & from where who knows..Be a intraday trader & play the range..its 4400-4600, +/-50 points right now.. enjoy the day ..cheers
The markets closed at threshold of 4550 again yesterday..Asian markets are positive..We should watch 4590-4607 closely over which 4650 again become a top. Supports now lie at 4510 app. levels.Plainly speaking Its becoming difficult to say what will happen tomorrow..The WHACKS are HARD, sudden with surprise..so are the recoveries..This will end on one side one of these days..When & from where who knows..Be a intraday trader & play the range..its 4400-4600, +/-50 points right now.. enjoy the day ..cheers
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