i am, frankly and genuinely though, v uncomfortable with this spike (today and yesterday).
long long ago, i used to divide rises of three types.....climbs, spike, shift...depending upon the angle of rise and the magnitude.
while climbs were reasonably stable, spikes were fragile and shifts (vertical ones) were rock solid. i even wrote an article on it*.
current one seems like a shift. options data also bullish. but the down rally was just half over. i was and am perplexed. but i, fortunately, always kept room for surprises/adjustments in my system.
there was no real surprise worth its salt in the past many months since i am on this version of the system, as u are witness to, but this one is.....going by the sheer magnitude and the time it took.
this may well turn out to be a non-event bluff in line with what i was expecting till noon today (49% down rally was left) but if may well turn out to be one of those occasional "re-calibration" "real bluffs".......
*http://thebestbusinessintheworld.blogspot.in/2010/02/climb-spike-and-shift-day-trading.html
long long ago, i used to divide rises of three types.....climbs, spike, shift...depending upon the angle of rise and the magnitude.
while climbs were reasonably stable, spikes were fragile and shifts (vertical ones) were rock solid. i even wrote an article on it*.
current one seems like a shift. options data also bullish. but the down rally was just half over. i was and am perplexed. but i, fortunately, always kept room for surprises/adjustments in my system.
there was no real surprise worth its salt in the past many months since i am on this version of the system, as u are witness to, but this one is.....going by the sheer magnitude and the time it took.
this may well turn out to be a non-event bluff in line with what i was expecting till noon today (49% down rally was left) but if may well turn out to be one of those occasional "re-calibration" "real bluffs".......
*http://thebestbusinessintheworld.blogspot.in/2010/02/climb-spike-and-shift-day-trading.html
2 comments:
Hello,
This above post is all about commodity trading companies. You have provided good and useful information. I liked it. Thank you too much......
Jagmohan Ji - it might turn out to be a bluff after all, since negative divergences point to possible correction in immediate term.
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