Hurst Cycles Trading Software - Accurately Forecast Nifty and Stock Cycles

Thursday, October 16, 2008

Updates...

A quick update here...

As I said before, I am bit confused on what next but some ideas here on what can happen...

Today should be up huge...Monday also might be up...good probability for it....we can get to somewhere like 3500...even 3600...more than that for this round might not be possible...after that again, i expect a downmove to an important low sometime mid to end next week....this will be the final low....and should be bought very aggressively...

Now the problem here is I do not know how low that low will be?....Can be a lower low....Can be something very close to 3000 also...

BUT there is also a possibility it goes lower to somewhere in the 2700-2900 range...
So best keep above in mind...

What can be done is keep buying in cash but also hedge positions with equal number of PUTs...Atleast our risk is managed for this month..The idea being that we build a long term portfolio for the next big rally...

What we are seeing now in the markets and economy is truly unprecendented....Something I have never seen...Bottom picking is never easy and can never never be 100% accurate...But the aim is to get as close as possible...And maximize reward with respect to risk...

All the best folks.

1 comment:

Anonymous said...

Hi,
I am with you on ur views , its tough to gt exact bottom but we can try n get closer to the bottom. Also i feel that we need to spend more time near the bottom so that when we move up its the good and strong moves.
I keep reading ur blog also would like to learn more and more from u through ur blog.

Thanks & regards,
Vipin