Re: [sharetrading] us uk

Asia is in Deep Red today, and our market is in a tight range of around 10-12 points.  I am still wondering how our market is holding @ this higher level. 

 

My opinion is anytime anything can happen.  So trade with a tight stop loss.

 

regards

 

noufal

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From: A P Abraham <abrahamap@airtelmail.in>
To: sharetrading@yahoogroups.com
Sent: Fri, July 16, 2010 6:22:00 AM
Subject: [sharetrading] us uk

 

UK whipped down after our market close yesterday, but US pulled it back up. Presently a whip up and down is seen on ID and day charts. So the strategies are selling at highs and buy at lows. With a bias for an up move.

As of now expect market to open positive and move up, but be cautious – upside seems capped. So long entry still valid for now.

A tentative idea forming is to take an ID sell at a high, to CF if close negative. Present max target on down side 5325.

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Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!

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