trade in the present

dear harish

thank u!

to answer ur first question as to whether there can be a fall of 2-3% in coming days

= i don't know. and i doubt if operators have decided that this early! i doubt if anyone can be sure about that this much in advance!

it is certainly possible......though chances are less.

i would like to say one thing.....a range bound movement during a trend is generally of 50-150 points....which comes out to be 2-3%......but if that comes, it will be like a drift of the market and buying chance. the market is in a pause mode / ranging as of now.

the tools i have developed accurately indicate me the instantaneous trend only. i.e. trend as of now. they tell me the time when trend changes. but they don't tell me that much in advance. but i am more than satisfied by this much. i have to live the present first. and the next week will come next week and that too in the form of present.

intentions of the market can't be known before market finalises its own intentions!

for the future gazing (1 week and beyond), i have to rely on my other (lesser evolved) tools which tell me that we are yet to peak in this short-term rally.

i am absolutely sure that the down trend has not started AS OF NOW. i can bet any amount on this. and i strongly expect that resumption of upmove is unlikely for the next 1-2 days. i am long as of now in nifty. at the indication of resumption of up-trend, i would like to add to long positions.

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about ur second question as to whether market can slip 20% or so in coming weeks/month

= i don't know......can't rule out. frankly, i don't have tools to ACCURATELY predict that.  i doubt if any one can. studied guesses can be made, but accuracy....i doubt.

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but i strongly feel....where is the need to think about what will happen after 1 week or later? (unless, of course, if u r stuck in wrong side trade, in which case u should immediately square and take right side trade. chances of recovering and making money are more in the direction of the rend, which is up, as of now)

just trade the present. future is only in the mind! it doesn't actually exist!

trade the present successfully....and u will always be successful!