Finally the tiredness of nifty took its toll and nifty started a correction. Thankfully we could take the call to sell at the right price point. This could be a correction that can go down to 4900's before stalling.
Did this happen because every expert was talking about nifty making newer highs? Again I was reminded not to listen to analysts and to form one's own conclusion.
These changes in trends are heart wrenching, as before it sets in , it invalidates lot of good signals with the trend. Only after making a few losing transactions one realizes the tiredness of the trend etc. Wish it could be noticed without burning some money!
But of course that way I wish so many things that could happen, but do not.
Tuesday, December 15, 2009
If wishes were horses
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