In school our english teacher had once taught us that
you say "Bye" when you are taking leave for short period like a few hours to a few days
and "Good Bye" when you are leaving forever or for long periods in between.
Lately, I noticed that this applies equally well to Nifty also.
Whenever it falls in a bull market or rises in a bear market
I check whether it is a "Bye" or a "Good Bye"!
This helps me take the right decision.
I have seen that whenever nifty makes the contrarian move without rsi eshaustion, it is a "Bye".
It comes back smiling, very soon!
And whenever it does so at the rsi exhaustion, it is a "Good Bye".
And I don't see his pretty face for a long time!
And during its "Good Bye" journey, any re-reversal is a "Bye".
It continues its "Good-Bye" journey till rsi has exhausted again!
So, whenever someone dear to you says "Here I go!"
check whether it is a "Bye" or a "Good Bye"!
1 comment:
Your article is always useful.
Thanks.
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