Dow Jones Weekly Charts
CMP : 10187
Chart Shows Dow Jones Weekly chart with 5/13 EMA Weekly crossover as in every global indices. But currently trading inbetween those important moving average zone 5 Week EMA(10172) and 13 Week EMA(10195). i.e exactly near the craddle resistance point.High Probability of Trend reversal could be possible from this point
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Saif says
February 17, 2010 at 12:46 amsir..looks like the call writers have given away..4800 call writing was a trap and now 4900 wld be taken out…5k still wld be the tough nut to crack..
Ravi says
February 17, 2010 at 9:12 amRaj Ji
Trend reversal in what direction?Thx
KPR
Rajandran says
February 17, 2010 at 1:14 pmI dont want to whipsaw now. Let the support breaks to reverse the direction. Days are not so far
nanavati says
February 17, 2010 at 3:21 pmsir should v reverse the nifty sell to buy
JITIN says
February 17, 2010 at 6:34 pmhi Mr. rajandran,
FOR THE FIRST TIME I HAVE SEEN NSE TRIN AND NIFTY GO IN THE SAME DIRECTION . WHAT DOES THIS MEAN ?
Rajandran R says
February 17, 2010 at 9:40 pmAt Jitin and nanavati
Rising trin in a rising market means some one is duping the stocks in every upside and if trin shoots above 1 indicates the conformity of bearishness. I thing we could get some clue before this friday either to reverse the position or not. 13 EMA weekly is the next point of resistance now. More over 5/13 Weekly crossover is a rare event and it doesnt appear frequently. It is a conformity of bear market. But here the time frame is weekly charts so its little difficult to be with the timing for me
nanavati says
February 18, 2010 at 3:41 pmsir based on your yesterday 1314 hrs quotes i remain short in 5000 call and i mean the money i wanted. sir i believe in your study. it’s great. thanks once again for the guidance.