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Nifty Candle Closes Exactly Below 31 day EMA
9 January 2009
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Nifty Breaks 31 day EMA finally and closed exactly below 31 day EMA as per daily charts. Now Iam
99.9% confident that nifty will tank 20-30% from current levels. Avoid longs till
February End. Let the Weekly RSI-2 dips below 5.
Jaggu claims that it is a Unviersal rule. 31-EMA formula is 99% perfect in predicting correction..if its 120% of EMA…
go ahead and short the market and the entire market crumbles. EMA formula works for ALL MKTS.. And the
correction will again it to 70-75% of 31day EMA
Jaggu the credit goes to you. So Iam Expecting the strategy to be explained in your blog!!!!
I think you will be more confident than me…..
Thanks Jaggu
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Written by:
Rajandran R
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