murliji, u have asked
"Those who left the down trend bus prematuredly or those who haven't boarded yet, can they board in on Monday?"
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i don't know that for sure.
will have to see the technical set-up / indicators on monday morning. if there is a big gap down opening, bullish rsi structure will be destroyed and that would mean that market will have to go down further to "make" next bullish divergence to be eligible for the next uptrend.
but inbetween the destruction and re-construction of this bullish divergence, market may attempt pullbacks or ranges. those may be the sell on rise occasions. we will look for the opportunities as they come.
difficult to predict too much in advance.
predicting market movement is like predicting weather. while u can predict to reasonable degree of accuracy for the next few days, the farther u attempt the prediction, lesser is the accuracy u can claim.
i have experienced that market itself doesn't know too much in advance where it is likely to go. operators don't know that either but what they know is this - they know that they can manipulate the way the things happen which have to happen.
--
having said that, i must add what i think of missed opportunities now a days...
an opportunity is always coming once every week. atleast, 3 times in a series for sure. not just for this series but forever.
so, whenever anyone has missed an opportunity, he/she would not have to wait for more than a few days, give and take a few.
but, whenever someone talks of the next opportunity, i take it as an indication of one kicking his boots for having missed a juicy chance and is itching for the next chance. though this is totally understandable, this needs to be conscious about as desperation can lead to reactive/instinctive behaviour by a trader leading to being trapped in operators' net.
we are susceptible to doing what we want to do instead of what we should be doing.
"Those who left the down trend bus prematuredly or those who haven't boarded yet, can they board in on Monday?"
--
i don't know that for sure.
will have to see the technical set-up / indicators on monday morning. if there is a big gap down opening, bullish rsi structure will be destroyed and that would mean that market will have to go down further to "make" next bullish divergence to be eligible for the next uptrend.
but inbetween the destruction and re-construction of this bullish divergence, market may attempt pullbacks or ranges. those may be the sell on rise occasions. we will look for the opportunities as they come.
difficult to predict too much in advance.
predicting market movement is like predicting weather. while u can predict to reasonable degree of accuracy for the next few days, the farther u attempt the prediction, lesser is the accuracy u can claim.
i have experienced that market itself doesn't know too much in advance where it is likely to go. operators don't know that either but what they know is this - they know that they can manipulate the way the things happen which have to happen.
--
having said that, i must add what i think of missed opportunities now a days...
an opportunity is always coming once every week. atleast, 3 times in a series for sure. not just for this series but forever.
so, whenever anyone has missed an opportunity, he/she would not have to wait for more than a few days, give and take a few.
but, whenever someone talks of the next opportunity, i take it as an indication of one kicking his boots for having missed a juicy chance and is itching for the next chance. though this is totally understandable, this needs to be conscious about as desperation can lead to reactive/instinctive behaviour by a trader leading to being trapped in operators' net.
we are susceptible to doing what we want to do instead of what we should be doing.
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