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
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:
Sent: Tuesday, May 25, 2010 11:04 PM
To:
Subject: Re: [sharetrading]
[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@airtelmai
To:
Sent: Tue, 25 May, 2010 8:50:33 PM
Subject: [sharetrading]
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…..
Happy Trading,
United we grow!!!
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