Trade volumes your maturity can tolerate, else do not blame no one but you......
Friday, August 25, 2017
ASI - Survived to hold above 50% Fib Ret, but weekly is weak
ASI - RSI was below 20 points, but many other indicators turning their curves, signaled a tend reversal very soon (refer my post dated 23.08.2017). So the ASI survived to hold above an important support area of 6367 which is the 50% Fibonacci retracement line plotted from the present low to the present high. Whilst that is a good development based on the Daily chart, suggesting a nice environment in the short term, the weekly chart is still in a consolidation and a recovery. Nevertheless the market now has room for a busy period in the days ahead.
Trade volumes your maturity can tolerate, else do not blame no one but you......
Trade volumes your maturity can tolerate, else do not blame no one but you......
Subscribe to:
Post Comments (Atom)
Loss and Gain of the ASI in 2021 vs the Loss in 2022
This ASI chart shows the All time high in 2021 of 9025.82 on the 29th 0f Jan'21 and the fall to the yearly low of 6852.64 on the 19th ...
-
Dr. Michael Burry is the ONE EYED Physician turned Fund Manager, who figured out that the Housing Market in the US is going to fall apart,... -
RCA STRATEGY The challenge of covering updates of this Strategy of Stock Accumulation was daunting. But when you stick to the Rules a... -
Amidst haemorrhage in this counter there was a reversal to the up. But that doesn't mean every thing is well. However it's worth ...
No comments:
Post a Comment