So we are so close to 4800..I am feeling an intense urge to cover my shorts. I am not sure. I see some bounce over here but..I feel its only a waystop to lower lows below 4750 next week. Yeah I think next week will be bad as we go into the 2.5 week Hurst low. Normally I wouldnt give much importance to this but consider all longer term cycles are down, we have to give more importance here. So I am continuing to hold the shorts (2/3 only) from approx 5160 area. Covered 1/3 around 5000 yesterday and holding rest.
I think next week will be bad...After some sort of bounce. Waiting and watching.
Best,
Lee
Subscribe to:
Post Comments (Atom)
3 comments:
Dear Lee!
Good work, ur target is almost completed. Wish you good luck:)
Rgrds
Kumar
excellant....had added ur site to my favourites long time back ...but dont know why i wasnt reading it......
Kumar Sir, thank you..I see you are rocking as well on your trades :)
Whats new! nice trading.
Jonak, thanks friend..I wasnt blogging for a long time..Now back again..that might be why :)
Best,
Lee
Post a Comment