Hurst Cycles Trading Software - Accurately Forecast Nifty and Stock Cycles

Wednesday, April 15, 2009

Amazing!

Well the bulls continue to amaze. Every little pullback is being bought..and yesterday it looked like some big money really came in..I only wonder why they are this late to the game but who am I to judge. Anyhow, on the log scale on the daily, Nifty looks to have broken out and next logical target is 3800 area. But keep in mind, market defies logic...Lets see how far this goes. I tried some shorts yesterday..monster moves stopped me out ofcourse..so nothing doing now...wait and watch...

Been thinking again about this blog for a while..And due to various reasons, personal and otherwise, I am taking a rather longish break from blogging..Not sure how long.
I have lots of personal changes coming up...will be moving to India in while and so on so I wouldnt have much time to continue this blog at the same level that I am doing now...Besides I am finding the whole thing stressful at the moment.

So I am going to step back a bit from blogging..And see how I can manage it..If I feel comfortable, I will be back with weekly or bi-weekly updates...For now, bye, take it easy in trading and always keep a watch out for the unexpected.

Best.

15 comments:

Saif said...

weekly posts will definitely help Lee rather than no posts at all,wont stress you out much also i guess...this blog has tons of information...so plz continue ...this can indeed become a evilspeculator type with more participation ...btw when r u back ..n which city you work in...

Abhimanyu said...

Sharp Up moving channel is broken
Some additional lower side movement will form a clear H & S below 200 DMA !!
DAILY CCI(14) 88

Nandi said...

Dear Lee,
Hope you will continue to update as frequent as possible. Off course, undisturbed mind at least for one/ two hour may be the minimum requirement for writing just three or four valuable lines. Wish you good health and calm mind in dealing with stressful situations.

Abhimanyu said...

21st April 2009
Daily RSI(2) is at 29.63 hence suggesting strong bear grip.
And it seems they will work hard till end of the moth

Lee said...

To me it looks like till expiry they will try to hold the markets..whether they will be successful or not, needs to be seen.

The good news for bears is that the hourly is on a SELL now...

The good news for bulls is that the corrections remain shallow so far..

My dream scenario is a pull back to 3150-3000 range where a good long can be taken..

Let us see..

I will post updates soon. I have been relaxing a bit..For one thing I have realized that not doing this blog makes me less stressful and able to focus more on other things...

I am also trading lesser size nowadays...Controlling GREED is a important part of trading.

Best.

Abhimanyu said...

Not only hourly sell but also as per cci(14) Sell signal is still there
current cci(14) is around 35
But it is now in neutral range.
So that can be advantage for bulls

Abhimanyu said...

First in First out ....
Reliance above 200 WMA now Time For NSE
Then reliance may come down and nifty will follow it.
Weekly Stochastic has as already given sell.
weekly Williams %R is also overbought
signal for Reliance. There is a sharp Diversion for 14 & 20 week CCI for Reliance for 5 weeks.
Similar Diversion for NSE for last 3 weeks and sell signal by Stochastic
Weekly CCI for NSE & Reliance are in overbought condition...
This may take place in May 2009 less chances for April 2009.
After Loksabha elections Hung House can create panic in market.

Saif said...

hi lee...how abt a post on markets...my feed has gone dead for this blog...its always good to hear your thoughts..been a long time

income.portfolio said...

I am amazed too. I do not think it has legs though!.

Archana said...

Nifty will correct to 3150, that's on the cards. Keep up the good work. Do pay a visit to my blog http://archana-archdeb.blogspot.com
See if you can leave some expert comment. It will be nice. Take care

Saif said...

this blog looks dead man...Lee how about a update just for a break :-)...its been a long time

MurAtt said...

Lee Bhai, Where are you? One and a Half months and still no post!!!

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