Wednesday, October 21, 2009

THE FINAL CALL®™ - Oct 21, 2009

Long term:  Bull Market.
Short term:  Bearish.
The whipsaw did not happen yesterday and the bears lived another day.  There is going to be a lot of volatility going forward and intraday traders are likely to be caught in a bind if they don't place their bets and stoploss judiciously.
Positional traders need not worry.  Just ride the trend.
We are short on the Nifty since Muhurat day.  Updates on this position later in the day.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 9:53 AM

A final burst of selling pulled down the Nifty below a significant level that could set the trend for the rest of the settlement as well as the coming one.  While liquidity has been the primary catalyst that jump started the global rally, it looks as though it would like to take a little rest going forward.
We continue holding shorts on the Nifty Futures and probably look forward to squaring up most probably tomorrow or on the last trading day of the week.

The US Indices look like they are going to cool off by close.  We do not hold any open positions there.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 11:53 PM

THE FINAL CALL®™*(By Invitation Only) Give me a living human being with a good internet connection, a cellphone with a running cellular connection, a valid trading account with a decent brokerage, and a modest capital starting with INR 20000 and I will make him RICH!!!
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