big indicator in US coming out this evening,, mrkt shd end cautious
Kumar
To: sharetrading@
From: abrahamap@airtelmai
Date: Fri, 2 Jul 2010 06:56:38 +0530
Subject: [sharetrading] World Indices
One more day of agony has passed. With making lower low. But there is a possibility that this low is the bottom, just a remote one (I see a rare confluence in the charts). But we retailers need to operate on such premises. If US can come back near 10100, the bottom creation will be confirmed. But buy signal is far away at 10500. But I guess newer signals would be created on its passage.
Australia is in the mood in the morning. Let us see how the day passes…………………
Forward indications are yet to generate the buy signal but are getting gathered here…. It could thrust up or down. Given the bearishness of late and with Australia is already thrusting up; I guess other Asian indices also will follow….
Trade positive with CF abv 5300. Shorter beware………….. There is danger ahead.
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