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The eldergulls dairyIntraday Calls/Short Term Calls By Our Members
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Nothing to be done
date 09/24/07 time 6.35 pm
Hi all, There was nothing to be done on day charts after i got out of rcom at 582.65 on 21st. This blog i use to enter my day trades. The hourly trades require much more attention and they require constant monitoring and hence cannot write a log for them. But i keep doing more hourly trades then i do day trades. But if u want to know more abouty hourly trades then i guess u will have to write to me at my email id given below. The speed of those trades is so fast, that one cant enter a log for them the way i do for day trades. bye for now. i doubt whether we will get aything o do this week. But i shall be watching them nonetheless. U cannever second guess the markets they say.
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there is nothing that can be done
Date 09/25/07 time 12.39 pm
Hi all, i know it may sound very foolish to you all that i say that there is nothing to be done. Sometimes in the moement of the markets there comes a phase when the general massess will make money, and systemic players like me will be totally left out. When i say this pls bear in mind my words that 97% of the people lose money in these markets eventually. So for them tolose there has to come a phase when they r brought in like iron filings to a magnet, before they all shall be charred to death. This movement of the market is like the magnet attraction so all that we need to do is to sit tight and just watch the proceddings from the sidelines. I vividly remember my sir once asking me after having taught me all the market wisdom, " so neeraj, what shall u be doing in the markets from now on that i have taught u everything i know" I answered to him i shall be selling and buying securities and also sit tight when there is nothing to do" he was very happy i tell u , he told me then now i think u r ready to hit the floor. And so i am here
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Contemplating hourly report
Date 09/25/07 time 9.36 pm
Hi all, Was wondering what do i do when there is a lull like this on day charts. You all know that i follow only the top 14 weights frorm the nifty and then none of them will now give me a buy immediately at least not till thursday. So as i was sitting idly before this thread of mine i felt that i am not comig upto the mark for u all out there. So all of u who read my blog let me know if it advisable that i mention huhrly chart signals on this blog. But for so doing honestly it will be a futile exercise if none are keeping track. I dont want to write foolishly. I can do this now that my software is ready and that gives me the time to write. let me know ur veiws one and all. Admin we should think on lines of uploading the file veryday here. What i ahev developed is a nice piece of work will surely like to make a presentaiton to u ( admin ). The proof of the pudding they say is in the eating.
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Understanding what the market has done
Date 09/26/7 time 6.26 pm
Hi all, I found it imperative that i explain what the market is doing right now. I think once the market comes down from the top as it has done today, there are two possibilites. One that it will recede frfom there making it a top for future referncec. Two, the market will meander at these levels or slowly drift lower and then make a attempt to regain the top of today. In the event it does the second thing then it will result i two things. One it will go over the top formed today or fall short and reverse. In either of these scenarios, we shall exp that the market has to give us a buy after falling down. What happens to that signal determines to a great extent what happens to the market as a whole. On huorly charts at least quite a few buy signals have gone wrong and they have all come about today. Experience of the last so many bull runs tells me that the top made today will stay for a while if the next day chart signals fail. We are fixedd now on one thing in mind we have to have a buy on day charts, those may fail if they fail then we know that we arent going to do anything worthwhile for a week or so.
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update
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update 1
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Update 3
date 09/27/07 time 1.46 pm
The cash nifty is ruling at 5003. what we are wanting now is another 7 point jump from here for us to start uwinding uur longs. So hear ye all. Tighten ur seat belts and lets get ready to leave this plane. i hope the ride was enjoyable. Even i am looking forward to life on the ground once again. The exact target to get out would be a cash nifty of 5013.55. thats where no matter how strong the market i shall leave this flight for sure.
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sinn fien Neeraj B To view links or images in signatures your post count must be 2 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 2 or greater. You currently have 0 posts. MY BLOG: To view links or images in signatures your post count must be 2 or greater. You currently have 0 posts. Last edited by joesb213; 27th September 2007 at 02:51 PM. Reason: missed out a point |
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I am out at 5000
Date 09/27/07 time 3.18 pm
Hi all, i am out of the market at 3.00 pm at 5000 cah nifty levels. I am sorry could not post the market is ruling lower as i write simply dint get time. I hope the ride was okay for u all. There is something amiss in this move if it has not reached the target of 5013.55. From here on one has to be on ones gaurd for a fall. That much i am sure of. Time will uunravel this mystery though. Time the say is a great leveler.
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Well the markets have been very kind
date 09/27/07 time 4.04 pm
Hi all , for all those of you who did not get a chance to get out at 5000, this is ur chance to get out. Remember the markets flatter to deecieve. I for one have already got out at 5000 at 3.00 pm> I think it is far better to follow ons system then what the screen is telling u I know its hard to listen now. But then its my job to tell , to act or not to act is totally ur free choice. I am happy u all got a chance.
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report for tomorrow
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