Saturday, February 4, 2012


Well.. I guess it was not to be

In my last post, I said the India stock market is going to bump into a resistance and boy it just rocketed past it like there were no sellers in the market. Look at the chart below. Well, fortunately I kept waiting for signs of weakness which never came. So I am not short. Lets wait for the retest or at least some pullback before going in long. Its going up almost in the straight line up which is never sustainable..

image

Lets see how it goes.

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