power house for nifty technicals and stock market fundamentals with charts and technicals.
Thursday, April 16, 2009
SMALL DIPS/BIG MOVES UP
Markets just about refuse to take a breather , this whole rally has not given more than 2-3 days correction at a time and has rallied real hard. Think most small /retail investors sold out their positions or took this rally for exit in positions stuck long back, leaving nothing to trade with from last 200 points or so..So please dont get stuck here again at these highs as this is a typical Smart money driven markets today who can reverse and turn as fast as they enter..Take a break..Only savvy traders trade this out..There will be a correction for sure , but from where it is uncertain in this momentum as all tech. Levels just getting broken daily..cheers.
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