Indian Charts: Where Are we

Monday, March 21, 2011

Where Are we

Why havent we gone up even with Technicals being oversold.....its because we haven't hit that lower red trend line . That will happen at around 5325 area.

I think tomorrow we will hit that lower red trend line and go up.

I have already got the MOST PROBABLE TARGET for the next up move. I have a hunch this will come FAST----keep ur fingers on that "BUY CALLs" button tomorrow. As for that MOST PROBABLE TARGET I think that comes around 5630. Around that area. Then starts the vicious 5th wave. Look at the point where the blue lines meet with the upper red trend line.

Thanks.

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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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Monday, March 21, 2011

Where Are we

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