[sharetrading] ASIA

 

Y day evening it looked as though US markets were running away. But they seem to have moderated and as expected facing a resistance on day charts. ASIA is opening weak and hence today is also expected to be a volatile day. The reaction is testing the strength of the up move. It might be worthwhile to play with some viable puts. Below 4825-32, the present reversal is not valid and old trend reaffirms. But since the small down move is confirmed, look for a target 4772. Try reversing views near that on cues with SL near old lows. If old lows are broken, the down side again remains wide open. Time to apply SL’s………?

 

Abe

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