Here i am trying to time the market, using some innovative technical tools,acepting by heart that market is supreme,i always have to follow it
Friday, March 14, 2008
divergance effect on DOW
YESTERDAY NIGHT WHEN I STARTED POSTING MY ARTICLE..bottom...dow was down 225 odd points,i felt the heat of it,but i said to a friend it must recover from this lows ,today itself,as there is a very very strong divergance in weekly stochastics,and vow!!!!!!!!!!!!! on bloomberg ,came the news from s&p, that it sees the end of writedowns..the devil of all the havoc is on the verge of getting disappeared,,,and suddenly dow started to bounce- back..i thought even a bearish hammer with some 50 odd points negative close would be an enough trigger for our markets..no,,it closed in plus..and i said to myself this is how technicals works...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment