Hi!
Yesterday, it was a treat to watch the US markets as they opened.
Within seconds DJ zoomed down below 7900, and if someone had gaped, then before he could close his mouth, that the DJ climbed back to 8600.
Then thereafter, the trading was range bound till the close, which was marginally in the red, and Nasdaq actually closing in the Green.
A Hope of turnaround was being aired by many charlies appearing on different TV channels.
In my opinion, we have nothing to worry about in real terms, because, Nifty came below 3300 and the buying should have commenced. So far it has NOT closed below the magic figure of 3235, that I had been referring to all along, starting from the FIRST mesage in this THREAD.
There is a strong probability of the world markets staging a come back starting Monday, but one cannot be sure.
And if that happens, the close below 3235 may get deferred forever
This is in my opinion, and I could be wrong.
If this happens, Thanks to Maths and Charts!
Cheers!
SS
Yesterday, it was a treat to watch the US markets as they opened.
Within seconds DJ zoomed down below 7900, and if someone had gaped, then before he could close his mouth, that the DJ climbed back to 8600.
Then thereafter, the trading was range bound till the close, which was marginally in the red, and Nasdaq actually closing in the Green.
A Hope of turnaround was being aired by many charlies appearing on different TV channels.
In my opinion, we have nothing to worry about in real terms, because, Nifty came below 3300 and the buying should have commenced. So far it has NOT closed below the magic figure of 3235, that I had been referring to all along, starting from the FIRST mesage in this THREAD.
There is a strong probability of the world markets staging a come back starting Monday, but one cannot be sure.
And if that happens, the close below 3235 may get deferred forever
This is in my opinion, and I could be wrong.
If this happens, Thanks to Maths and Charts!
Cheers!
SS