Saturday, July 28, 2007

Nifty levels unchanged till diwali.

4100-4400-4600-4900 were the levels
looking for healthy support near 4400
I stand by 4900 simply because i have seen resistance near 4600 in my dream many months ago but I have also seen 4900.
4640-4900 = flying to the moon. The whole space ship doesn't make it into space and a very tiny portion makes it to the moon.
My old mantra used to be buy at support , sell at res.
My new mantra is it doesn't matter if you're right or wrong as long as you make money. (try to trade hedged)
Dont have time to post much more.
Happy Trading.

Edited 8/3/2007:
"Cryptic clues
You can fly to the moon if you can swim with the sharks.
Clues for decphiering: Read Elder on risk management and also study Gann regarding types/sizes of corrections"

Solution to clue: 4622*0.94=4344
6% dip. why 6%? Read elder/gann? :)