Hurst Cycles Trading Software - Accurately Forecast Nifty and Stock Cycles

Wednesday, May 21, 2008

Update - May 22nd 2008

No charts today..Just a quick update...looks like we go down to 5050 and if that fails 5000. I will look to cover shorts at one of these levels and go long..call me crazy but I will give it a try...I am expecting a bounce before more decline. The crazy public is buying all the dips so no problem...
:-D These guys are nuts.

A very sincere note here - dont fall with the fray..fundamentals are not bullish. I have said this before and will say this again - there is a time to bullish and there is a time to be bearish. I see that general complacency among the public is rising. This is a warning factor in itself.

Best.

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