Today a news article appears stating that the markets have collapsed due to budget blues. How stupid as usual. Media just wants to tag all events with some tag. None of them pre-empt even a warning, rather keep harping on all hunky dory stories……….. Rather a stream of such new appearing should warn us that the market has reached a top. And when all the dreary news hits town a botoom appears. As usal retailers fear at either ends…………..
As well when such sad stories appear market seems to have reached a bottom. So friends look for entry signals………………………..
But assume to sell off into the rally as of now. Going into 5130 serious resistances will appear…………..
Abe
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Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!
Happy Trading,
United we grow!!!
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