The markets have opened above value and gone on to record 5845 as the high of the day.
We had a 2I day yesterday, which gives an almost 80% chance for the high of the day to be in already. A 3I day would have given us a 97% probability.
The IB range of 87 points is the biggest we have seen yet.
As long as the POC is protected there is no danger to the uptrend.
The POC is 5761 in the NF and 11840 in the BNF.
Tuesday, September 14, 2010
Subscribe to:
Post Comments (Atom)
Posts
3 comments:
viren,shai,
Cummins fut. had a breakout today - will it continue tomorrow?
Janak,
If it holds 745-747 tomorrow, then it continues higher.
Dear Viren,
Thanks for your criticism and suggestion. AT this stage I can only say that My Trading system is meant for positional trading and for short term investors. MySAR_A levels are only the guiding levels showing the market trends for that particular script for that particular day. With the help of these levels one can exploit positional trading probabilities easily. Even the benefits of intraday volatality can be also enjoyed by watching these levels carefully. For positional trading and short term investment, SAR system has proved beneficial extremely.
If there is any mistake in my understanding please let me know.
If you have been hurt by posting link or my reply, I am extremely sorry.
-gauresh59
Post a Comment