AS PER THIS MAIL STOP LOSS FOR SHORT POSITION WAS AT 17827.
NOW WE HAVE SEEN NEW LOW AT 16684. ON BREACH OF 16684
STOP LOSS FOR SHORT POSITIONS SHOULD BE LOWERED TO 17389.
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UPDATE AS ON 18.5.10
PREV LOW OF 16684 WAS BREACHED YESTERDAY.
SO STOP LOSS FOR SHORT POSITIONS
LOWERED TO LOWER TOP AT 17389.
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LOW OF 16551 ALSO GOOOOOONE!
STOP LOSS FOR SHORT POSITIONS REVISED FROM 17389 TO 17000 NOW.
CHEERS!
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UPDATE AS ON 19.5.10 4.00 P.M.
WE HAVE SEEN LOW OF 16373 TODAY. WE HAVE CORRECTED BY 9% FROM TOP OF 18048.
WE ARE GETTING OVER SOLD ALSO.
MINOR +VE DIVERGENCE IS ALSO SEEN IN DAILY CHARTS.
IT WILL BE ADVISABLE TO BOOK PROFITS IN SHORT POSITIONS GRADUALLY FROM HERE ONWARDS.
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UPDATE AS ON 21.5.10 9.30 A.M.
CHEERS!
MARKET TESTED 16200 TODAY. TODAY WE MIGHT HAVE COMPLETED 3.5 OR 5.5 OF FIRST DNWAVE. COVER 50% OF YR SHORT POSITIONS AT LEAST.
