[sharetrading] Market CRASH

 

Just today morning I was sitting with a friend and were discussing the market. One funny thing we noticed on the charts was that, market has broken upwards of a triangle and if all the books that teach us TA are right then the target of 5467 is achievable in a time span of 2 months from the break up date (24/12/2009), which coincides with the budget. Hence I feel market is headed upward only, even if one goes by the noise made by the puppets in govt……………..

 

So friends just forget the nay sayers and be positive above 5088 and use every dip for a buy………… That is what the adv/dec ratio is suggesting…………

 

However be selective below 5260. The previous top was 5167, hence that cd be a likely downward target for now………..

 

Another theory suggests that markets are headed for 6600+++++ (Just 26% away) So who wants to wait for eternity for the elusive pick ups, will remain standing by the wayside watching as usual……………….

Keep the money active in positive scrips and exit the ones moving down. Being dynamic like this only one can be certain of being right most of the time. There will be losses, but they will be far and few in between………

 

Abe

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