ASI - Good Volumes, Heavy Weights GULP what the Foreigners Sell!!!

Some pundits say that the Foreigners are Selling both Stocks and Bonds due to Politics (This is only a part of the problem). These same PUNDITS 'said' that the Foreign selling is due to what Trump is doing to the US economy. They said this NOT SO LONG AGO. They said the same things to the USD too. If you are going to GULP what these pundits are saying, then there is something badly wrong with your brains. While you are Gulping what these pundits say, 'The Heavy Weights' are Gulping all the selling that is actually coming due to the Volatile Global Markets. Buying JKH is what they are doing while selling JKH is what the foreigners are doing. These Big Buyers are having a different plan for JKH, so they pump in Billions of rupees. Foreign Selling on JKH is not over. The Big Guns who are shooting all their cylinders into JKH sellers aren't done yet. They will absorb all what the Foreign Sellers are unloading. Pity that the Local Pension Funds did not absorb atleast a tiny part of the Foreign Selling. It would have been a wind fall for the Funds and their Contributers.

The stupendously large Turnovers aren't helping the Traders as much as the real fluctuations happening in the Market. If you want to see, think and feel the real fluctuations, start educating yourselves to read the charts. Atleast read articles as these and get informed.

Remember this!!! CHARTS CANNOT BE MANIPULATED. This you will understand only with enhanced Learning, Practice and Real Time experience. It is not easy to start believing in Charts. But you can.

As I expected, we see a SWING HIGH FORMATION in the ASI and the 7 stocks I mentioned in my last post. The image of the ASI you see elsewhere in this article shows you exactly what the formation is all about. It is a "Short Term Bearish" Signal. So you need to wait, until a trend change takes place. For the Short Term Traders this change must happen within a maximum of 2 days, or 3 days at worst. If there is no trend change within these 2 to 3 days, BE HEAVILY IN CASH.

Let the pundits talk their crap, Let us watch the Charts and make money. After all how many of your darling pundits ever helped you to earn an income with your hard earned money? Charts will help you and guide you.

Watch trend changing signals on : AEL. TKYO, COMB, JKH,SAMP, MGT and LLUB. Also TJL.