"Patterns" appear & alerts us. It has done so earlier on few occasions in the recent past as per the chart below. Only a follow up prices would confirm their validity. Remember also that they do fail occasionally.
"Lead indicator" has reached the "Overbought zone" but not yet given any "sell indications". It generally takes a minimum of two days to reverse if there is a reversal. Tomorrow's price action in the supply zone of 5570-5610 and subsequent close would help. Beyond tomorrow's close, we have settlement day as well as Month Close. Month ema is @ 5659.
"Lead indicator" has reached the "Overbought zone" but not yet given any "sell indications". It generally takes a minimum of two days to reverse if there is a reversal. Tomorrow's price action in the supply zone of 5570-5610 and subsequent close would help. Beyond tomorrow's close, we have settlement day as well as Month Close. Month ema is @ 5659.
5 comments:
Namaste Ilango Sir & Blogmates,
Baby steps taken by Bears today, but is it enough: Option Analysis for 28-06-2011
And for those friends who are suffering for Blogger Problem Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Good Evening Sir,
I was out whole day today but I read all your notes.
Really these are to be preserved!
Respected Master,
read ur analysis today with so many posts in the day to
teach us all.
GREAT as usual.
Thanks
If only you come out to manage the blog and teach as you did to day students are bound to learn faster and doubts will wither in thin air. Please continue your good work.
One request: Will you post similar candle charts at the end of every day? How illuminating it is.
Thanks and regards.
LV
Namaste Ilango sir and all,
Dow is trading at 145++ but Dow futures is trading at -6 points!! Somebody clarify this big discrepancy please!!
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