Hurst Cycles Trading Software - Accurately Forecast Nifty and Stock Cycles

Wednesday, August 17, 2011

4800 is calling...

...But expect a small bounce of couple of days(?)..Not very sure but we are close to support so its possible for market to try one more time to bounce from here.

Still 5200-5230 is rock solid..Short on rallies is still the mantra.

I covered 1/3 of shorts and hedged the rest. Will wait and watch.

I will update this post in some time with some charts and more thoughts.

Best,
Lee

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