10000 hits !

Dear Friends,

blog has crossed 10,000 hits.i recall when i had given title of 5000 hits in 3 months time KPR misunderstood and thought it was call for nifty and see nifty has also crossed 5k mark during this 3 months time.

if u have observed i am having some problem with my system in saving and pasting charts for blog. size gets reduced. so i am not putting charts since few days.very soon i will sort the problem.

market has broken trendline running from 15331 after consuming 1.618% time in recovering 1960 points after a fall of 2162 points.first imp low was arnd 17k and that is gone today.next immediate imp low is at 16636.

fibo lvls r 16542/16311 and 16080 for 38.2/50 and 61.8% of rise of 1960 points.
so better to keep strict stop losses on long positions. new long positions shd be avoided at present for few days.let mkt settle.

one more change i have planned and following also since few days after reading few mails at isg from Spandan and other friends. i had observed that by tracking sensex regularly readers as well as me were getting carried away by observations on sensex and that always affects yr decisions for buying n selling stocks. patterns for stock and sensex may be different.so i have minimised analysis of sensex and i am increasing analysis of stocks.i have started giving stop loss only while analysing stock. for target u have to observe yrself and go on raising yr stop loss as well as target.

for simple analysis better to follow 1-2-3 system. i will discuss this pattern with help of chart in detail in few days .


i thank u all for yr kind support and encouragement!