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Sunday 14 September 2008

Nifty Shorting Setup

Nifty is giving a rather perfect Head and Shoulder Pattern for a down side to test the previous lows. Can this work ? If it does .... it shall be a beautiful trade to initiate. What more things do we need to look into to be sure that this works ? We are at supports or close to supports and can do a break out breaking everyone's contention that things are going bad now. This is what the big fellas must be thinking as they trades verses the rest of the herd. If you are an Elliot wave counter, try to visualize if the trend is down or up. Volumes have to seen in response as well. Volumes give a good picture. But the punter is again smarter. Doing a massive volatile gap up or gap down spoils the whole volume perspective. Here comes a different item to track. See the delivery volumes. Lots more .... lots of other parameters can be visualized. Do your study before you do any thing. All the best !

1 comment:

Unknown said...

Exact Target U gave. Good Work mate
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