Hi all
This thread is to express my most horrible times as a technical analyst where markets have slapped me not only once or twice but more than ten times in a row yesterday. My first impression in the morning was that markets will zoom past 18000 and all shorts will cover and we will close at about 18100 levels, than market had something else to say, it started correcting and suddenly nifty was -25 so i squared my longs on nifty, after 1 hr. nifty was up again +30 pts., i thought this was my time now sensex will breach 18000, i again went long on nifty and when i saw market 5 min. before close, i was horror struck to see nifty back in red and i had to again square my long positions and if this was no all now i see nasdaq and dow making new highs on friday night.
Must confess that since last may correction i have never been so confused predicting a top
This thread is to express my most horrible times as a technical analyst where markets have slapped me not only once or twice but more than ten times in a row yesterday. My first impression in the morning was that markets will zoom past 18000 and all shorts will cover and we will close at about 18100 levels, than market had something else to say, it started correcting and suddenly nifty was -25 so i squared my longs on nifty, after 1 hr. nifty was up again +30 pts., i thought this was my time now sensex will breach 18000, i again went long on nifty and when i saw market 5 min. before close, i was horror struck to see nifty back in red and i had to again square my long positions and if this was no all now i see nasdaq and dow making new highs on friday night.
Must confess that since last may correction i have never been so confused predicting a top