Friday, June 11, 2010

Reversal ?

Last Friday, based on my forecast, the market open within one of my forecasts but it did not move accordingly. For the last few days, the market has been moving southwards and will this movement be continued or will it reverse ? Hard to say, right?

Today

The forecast for today;

1) If the market opens between 2412 to 2419. Buy after the market has moved up passing the levels between 2424 to 2429..
2) If the market opens between 2404 to 2411. Sell after the market has moved up 4 to 10 points above the opening level.
3) If the market opens between 2396 to 2403. Sell after the market has retraced passing down the levels between 2386 to 2391.
4) If the market opens between 2424 to 2435. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
5) Also refer to my posting dated 11th January, see # 6

That's about it guys, if you are not sure... well,I don't know...


Have a nice trading day, guys.

P/s Have you seen the movie, " Pirates of The Mediterranean?" - The pirates use commandos to attack civilian ships. Commandos?

8.55am

23 comments:

Anonymous said...

Nick,

Your forecast has not been accurate lately, eh?

Nick Sani said...

Hello Mike,

Thanks for the comment and I practically quite agree with you. I am just another human being.

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