Wednesday, September 16, 2009

covered one unit at 1059.00


Robin said...

do you consider this as a break of 1054/1057?

Kishore said...

Maybe, today marks the capitulation of the last remaining bear.

But why guess the top?

When the market does finally turn around, the market won't keep it as a secret. Sooner or later, it will show up as a trend change on the daily charts.

Patience is a virtue, though, personally, I don't follow my own "advice". It is just too tempting to short at the top. It makes me feel like a hero!