Friday, September 23, 2011

Desi MO (McClellan's oscillator for NSE) at EOD 23rd Sep 2011


Posted by r m at 8:57 PM

7 comments:

r m said...

@Shai

Vix and declining volumes climbing with MO mildly negative, seems like a tasty bear dish is in making? :)

September 23, 2011 at 8:59 PM
Anonymous said...

@rm do you mean "a dish for the bears" or "bears are the dish" ?

I expect at a minimum those who shorted gap fill on Friday to get punished with a gap up open on Monday.

September 23, 2011 at 9:13 PM
r m said...

@MLMT

Sorry for creating confusion, I meant a dish for the bears. :)

September 23, 2011 at 9:51 PM
Shai said...

RM,

All indications are pointing downwards.

Policy action was the only thing which could have temporarily saved the bulls, but both Subbu and Ben are saying the opposite things whilst creating a similar effect in 2 different parts of the world!

@ MLMT,

Rm's charts look out a few sessions ahead.

September 23, 2011 at 10:30 PM
Anonymous said...

@Shai

If a big down move is coming, wont there be a shakeout of weak hands esp the late bears from friday who shorted gap fill?

September 24, 2011 at 9:03 AM
Shai said...

MLMT,

Markets were dues for a bounce on Friday, but the sentiment was so battered that very few were comfortable holding long positions over the weekend.

We feel a bounce should play out Mon-Tues, before the main trend resumes.

September 24, 2011 at 1:35 PM
Anonymous said...

@shai

Bounce goes to 4930 or do you think bulls have balls to go to 5010 area?

September 26, 2011 at 7:08 AM

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