Wednesday, May 14, 2008

Bear Vs Bulls

Bearish thrusting pattern was was made yesterday. What it essentially meant was that market opened higher (but less than the halfway mark of day before's candle body) and went low -- below the day before's trading range -- attempted a recovery and though it ended higher than its opening -- just could not break the halfway point of the previous candle. Had it broken the halfway mark -- it would have become a trend reversal sign.
well for today -- just did not have time to read scripts. was just too busy. so will go by trin as given by jaggu. Have you heard of TRIX? well it is one of the rare leading indicator. It is turning bearish but is still indecisive so i will not bet on the market being purely bearish. bulls can save the day if they decide to.
best of luck.



geniusjaggu said...

arre mian,
wat kind of TRIX mkt gonna play in u know?

natkat mian...have a kit kat ;)

S S Cheema said...

No jaggu there are no clear indications on trix also but still it is not supporting the bears in a way it should have had probably.
Anybody's guess then.

geniusjaggu said...

arre mian,
kya nishaane par teer maara hai...

maan gaye ustad..waah waah