Indian Charts: Updated Charts

Thursday, February 10, 2011

Updated Charts

The Master blogger from India has done some slight modifications to my chart. Lets see if this plays out.

Also seeing some divergences appearing . Signs for a BUDGET rally???.

But the BIGGER picture is BEARISH . See that line going much below 5000. Thats where we are heading.

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Words of WISDOM

"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight."

---Jesse Livermore

"What beat me was not having brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favoured my play. There is the plain fool, who does the wrong thing at all times everywhere, but there is also the Wall Street fool, who thinks he must trade all the time. No man can have adequate reasons for buying or selling stocks daily – or sufficient knowledge to make his play an intelligent play."

--Jesse Livermore

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Thursday, February 10, 2011

Updated Charts

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