Hurst Cycles Trading Software - Accurately Forecast Nifty and Stock Cycles

Tuesday, August 23, 2011

Talk about bad timing

Yeah..I know..should have held on..Its funny how the market works and plays with our emotions..I am back short in very small amounts. Will add if conditions work out.

Meshach, Already posted details of the cycles below. You may check the charts below.

EDIT: Can see a 5 wave move intraday. This may be an A wave of the B wave within this 4th wave move. So means we can add shorts on upmoves today to cover either later today or early tomorrow. Then one more bounce upward lasting maybe couple of days to complete the 4th wave move.

All guidelines only. Trading 4th waves are always tough - Its what separates the men from the boys! :) If in doubt, stay out.

Best,
Lee

2 comments:

Kumar Technicals said...

Dear Lee!

Good going, keep it up. You are a long & medium term player so you will catch big move definitely.

Rgrds

Kumar

Lee said...

Hi Kumar,
Thanks for your wishes. Means a lot coming from you.

Best,
Lee