Monday, May 24, 2010
Lately, probably about a few weeks back, my forecasts have not been giving positive results and at the same time my forecasts also have not been giving negetive outcomes.What I lose was my time! I have no idea what have gone wrong or may be my methodology/strategy is becoming absolete!
So, my forecast on last 13th of May - the market did not open within any of the forecasted points.
Should I try to forecast again this time? Well,I don't know or may be just do it!
The forecast for today;
In long run, the market is bearish but in short run the market is still bullish.
1) If the market opens between 2483 to 2489. Sell after the market has retraced and passed down the levels between 2473 to 2478.
2) If the market opens between 2490 to 2495. Buy after the market has retraced 4 points below the opening.
3) If the market opens between 2465 to 2478. Buy after the market has moved up a bit and then falls 4 points below the opening level.
That's about it.
Have a nice trading day guys....