DOW CRASIHING ? OR WE ARE CRASHING HEAD TO THE WALL? - BY INDIANAWIZARD
hi guyes, so far nifty predictions are going fine,4300 took th support finally, dead cat bounce once again , so i am suggesthing once again to follow that gap chart for trading.
well lets take a broader view.
DOW
here i am giving u three charts of dow, 5years, 6months and 3 months.
ppl are saying dow crashed. is it? really dow crashed ? or we are making halla, counting dow frm its top....
in the above chart, u may see that dow , falls ina a range bound area afre a certain period, .. last time frm 2003-2006mid,
onthe above chart u cansee that after climbind up a furtehr, dow stopped going up more, and trying to form a higher base.
and now finally chk 3months chart. dow going up and comming dwn to a particular area, and again going up. this is called range bound area, and u can see that dow got a support right here , at the closing.
so donot count the dow frm its recent top ( one month / week charts) i think the game is clear to u.
now the conclution, akkha gaon has become bear, and it is time to ??? >>>.......................
fill in the blank urslf.
by da way, are u liking my posting? then write ur comments, els iam not getting inspiration and may stop irritating you. in the futer i may come with some stocks buy/ sell area.
4 comments:
good !
buying seems to be the only thing one can do as of now .............at the bottom news is always bleak which is very much the case now
It is WONDERFUL & very good Graph analysis. Can the conclusion part be just Simple languages and gives clear direction based on your analysis? (I am not able to understand the AKKHA etc.. ) May be this would be the good way of expressing in person. Just a suggestion :-)
wonderful analysis. we can conclude the market is range bound.
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