Sensex

Tuesday, May 25, 2010

RE: [sharetrading] US markets

 

Recently when DJI made a low near 9800, every one  commented it as a computer glitch. Bow in the last low of 9800 which is a lower low than the prior glitch one.

I am of the opinion that markets are range bound on Higher TF’s. Hence use strategy to sell tops and buy lows. I read in a book 2 years ago, by an US author of projected sideways range till 2011-12. So be prepared for same. Right now, many valuable scrip’s are available at 30-40% discount. Check out and enter then on some signal…

 

Only sector I would avoid would be TELCOM for time being. Check out mining oil power gas minerals engineering and other core sectors…

 

Abe

 


From: sharetrading@yahoogroups.com [mailto:sharetrading@yahoogroups.com] On Behalf Of Ganesh Iyer
Sent: Tuesday, May 25, 2010 11:04 PM
To: sharetrading@yahoogroups.com
Subject: Re: [sharetrading] US markets [2 Attachments]

 

[Attachment(s) from Ganesh Iyer included below]


Attached 1.jpg is DJI 60 min intraday chart and 2.jpg is EOD. Your comments Abe.

 


From: A P Abraham <abrahamap@airtelmail.in>
To: sharetrading@yahoogroups.com
Sent: Tue, 25 May, 2010 8:50:33 PM
Subject: [sharetrading] US markets

 

US markets seem to be trying to get up. It will rebound only if DJI 10170 is crossed.

The distance from here till that is like a deep chasm wall.

 

It will be at least 3 days b4 that can be covered…

But 9750 low seems will hold…..

 

 



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