Re: [sharetrading] ASIA

 

Dear Abraham sir

 

Any thing noteworthy on the techincal side for MTNl - made a good upmove yesterday with good volumes, I could observe that good support on 50 day EMA was taken.

 

regards and thanks

 

ekamber

 

 

 

----- Original Message -----

From: A P Abraham

To: sharetrading@yahoogroups.com

Sent: Wednesday, January 06, 2010 7:40 AM

Subject: [sharetrading] ASIA

 

Looking at Asia today morning presents a mixed bag, with some on sideway drag and others on a roll. Whereas in US, some indices made gains, whereas others was a sideways drag. However in bull zone this is to be expected and not to be seen as weakness.

Bull zone rise is a tired slow rise with index on a jump start, and sideways through the day, with scrip's of the index taking turns to jump. This is not to be taken as an exit signal for negative scrip's.

Just hold your horses if 5230 is intact…………………… However if individual charts say to exit, better to be wrong than sorry.

Abe

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