Monday, August 8, 2011

Desi MO (McClellan's oscillator for NSE) at EOD 8th Aug 2011


Observations:
  • Weekly Virgin POC @ 5044 from week ending 11th Jun 2010 almost touched
  • Declining Volumes show a slight turnback though Indiavix is going full throttle
  • Broader markets have shown no improvement with A/D still at 250/1221
  • Desi MO has scored a century to entertain the cricket fans. :)


4 comments:

Chivukula Krishnamohan said...

Thanks RM. Interesting chart. Ready for bounce back?
Posted my notes.

r m said...

@kris

Should bounce back a little, if only to dive deeper. :)

Shai said...

Just to put our desi MO in perspective, watching the NYMO now at -155 against US futures of 1130.

Seen once a limit down in SPX over the weekend during 2008 crises, just 30 points lower now to hit it !

Anonymous said...

no bounce back....one-way train...."The Burning train" :-)