1:10PM Update - Almost amazing isnt it..How the markets are following my ABC path given below..LOL..So much for my TA-less posts...Are you reading, you naysayers?
12:30PM Update - If we are doing an ABC pattern off the lows, 2620 is first target Nifty spot...2640-2660 next. We shall see if we get there....I am going FLAT into the weekend..And as I said before, I am stumped by the comments here...Best.
12:00NOON Update - Not saying anything else here..Not doing anything more here...I dont see a safe trade to take here...Also after reading the comments section, I am stumped...I have commented there to one guy..please read and comment also if you missed it before...Frankly I am stumped..To be sincere to myself, I looked back at the last week worth of my posts, I saw one talking about the 5th wave, I saw one about a real time flag breakdown, I saw one about the triangle breakdown, indepth analysis about this, targets, wave counts...etc etc...A lot of TA in my book. Frankly I dont know what this guy is talking about in the comments section of this post. Is this not TA? Do I trade on my whims and fancies?..I dont know what is missing in TA over last several posts...The only logical thing about the post and criticism is jealousy or a big loss he made on the long side...Same as the CALM-COOL guy and the Anonymous guys from before...Okay I am waiting for other readers to comment here...I am stumped for now...Good night.
10:20AM Update - Okay I covered - 2530 odd..Almost 100 pts profit as I said yesterday I entered at 2630 odd if you remember..One of my best trades of recent times...esp coz it came in one day...Anyway I fully acknowledge that it can go lower to maybe 2490-2450 range. But enough is enough..Taking profits here.
One of my main qualms is the 2 days holidays next week Tuesday and Wednesday..If this was not there, I would have been much more sure on my positions but now I might just do nothing else and wait till Thursday...Still a profit is ALWAYS a profit!
Thanks Sam n Shaq for the comments.
A little after the open - Well I am totally confused right now...My gut is saying to take profits right now...My logic is also saying something close..But still I am not sure...What should I do? :)