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Taurus1

Well-Known Member



The multi day, er decade, bboolll market which is expected to continue for days and days, er decades and decades has reached critical mass.

Right now, the Sgx is up, probably there is a new BN high today before it drops. On Friday, I sold BN at 22370 in the last 10 minutes and hedged.

I'm in a different office, in a new job since March, so keeping stops and watching where the market goes is out of the question......

May 2nd is a minor top for all markets.

How far is it going to fall ?
My Nifty chart correlation to the Nifty was >85% before the election........ after the election it is 0%, so I'm not going to comment.

My S&P chart correlation to the S&P is about 50% currently, and my Ftse chart correlation to the Ftse is 85% so for the time being, thats what I'm going with.




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Taurus1

Well-Known Member
there is a new BN high today before it drops.
And the new high came, followed by a long drop......... quite a few would have gone running for cover.




The Icici result yesterday saved many so called "experts" from red faces......... a win is still a win even when it is by fluke.


On Friday, I sold BN at 22370 in the last 10 minutes and hedged.
Yesterday, the gap up was obvious, at 10:30, I closed my short futures and let my long call hedge run. By the end of the day, I had a small profit instead of a 140 pt loss............. passable .... for a fluke.

Nothing changes, my dates could be out of sync with the increased volat..... enjoy the show.


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Sidz

Well-Known Member
@Taurus1,
Do inform us a chance to multiply our profits when you think a fall is imminent. Because I am sure with this increase, the way down would be super speedy.
 

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