The eldergulls dairy

Date 10/03/07 time 1.50 pm
Hi all ,
we are closing in for the 2.00 pm closing. The nifty si certainly going to give us a sell signal on hourly charts. Two things happen because of this. The first thing can happen is that the market will drift lower then where it closes at 2.00 pm and the other that can happen is that it may do a comeback from that level and at 3.00 we may be given a buy signal agan on huorly charts at 3.00 pm. Our first aim is to safegaurd capital and with that in view i suggest that we start etting out of our hll position at least i am getting off. People who are bolder can wait till 3.00 to decide i for one believe that "discretion is always the better part of valour " and so i am out of here.

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Neeraj B


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Date 10/03/07 time 1.57 pm

Hi all,
ia m out of HLL at 224. If u too had bought the share at 224.10( which was the previous closing) then we have suffered a loss of 40 paisa net of brokerage. Considering a single lot u havent lost much. Thats how dramatic trading can be. Can anybody believe u that on a day like thiswhen just about every share is breaking all barriers u actually followed te system and suffered a loss. Time will tell all those laugh at u why we got out. Just sit tight now.

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Neeraj B


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Date 10/03/07 time 2.09 pm

Hi all,
The market has closed lower then 5155, guess where it closed it closed the hour at 5154.95. HOOOOOOFFFF could there have been a closer finish. Yet as things stand the market has given us a sell signal in hourly charts in nifty. This means that we should get out of all longs and hence i have got out of hll. As i mentioed earlier the markets may recede frrom here in which case we cant be selling anything or else the markets can make a comeback and close above 5155 at 3.00 which would mean that it will result in a hourly buy signal for us. Then we can decide what we ahve to buy again. Till then sit tight.

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Neeraj B


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Date 10/05/07 time 2.48 pm

Hi All,
I have not been trading for the last two days as Bindhu ( my wife ) has taken over the trading from me as i am too busy with the dedvelopment of my software. Today as i write this i know one thing that bhartiartl is very strong. It is quotig at its high for today which is 993. From here on it still keeps strength to go up to 999 for sure. We shall see about it thogh from here on.

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Neeraj B


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Date 10/05/07 time 8.28 pm

Hi All,
The bears are simply nowhere to be seen. The last few days have been one roller coaster ride. Good in a way that i wasnt writing, because to manage writing and trading would have been very difficult. Yet all the signals seem to have madee good their earleir losses. There is simply no point in delving over them now that time has gone by. Bharti was the only one i wrote about today in the afternoon when it was quoting at its highest level for today at 993. It sbsequently within minuntes of my writing toucheed 1010 and receeded from there. Anyways the way thingsare moving one has to be ready now for failures as they signify a trend change. So what i am saying is that we will ahve to commit only from the long side and then wait to see when the signals start failing till such time the only thing to do is to be running with the markets. I ahvent gone through the charts as it i am overcome by TGIF syndrome. So see u all on monday.It surely promises to be a interesting week. Every subsequent move upwards just makes me more cautious and thats why i survive and am able to ride the wave too.

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Neeraj B


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Date 10/09/07 time 10.01 am

Hi All,
Well all those who read me will know why it is good to be always cautius in these markets. My last lines here were that every subsequent move upwards makes me feel more cautious. See what happens. Yesterday the nifty went into a sell modede. That does not mean we start selling. It simply menas that we should wait for the bulls to take over but having siad that we also should not be long in anything now. The nifty cash should coe up above 5146 it is only after which we can startlooking for buy signals. I for one employ a advanceed system to shortsell. I cant write much about i though here as it takes lot of time and careful monitoring and so wont suggest anything here that i myself do. I was pretty busy yesterday. The onlyhsrae i made a loss in yesterday was tcs which is shorted at 1081 and coveredd half an hour later at 1082.75 not much of a loss yet a loss. i would very humbly want to keep the profit entries to myself lol. do not get carried away by volatality and try to make a quick buck in these markets. If in life u decide to run after mney, i assure u it will make u run for ur life. Instead trry to run ur life successfully and like my ceaser ( labrador ) It will follow u and be at ur command always. Take time out of these maddening markets it pays to rest before the next run begins. Which was we shall run "time" will tell us.

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Neeraj B


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Date 10/09/07 time 2.50 pm

Hi All,
I thought that i wont be able to participate in the markets from the SELL side till at least 2.00 pm and so decided to take Ceaser out. I came back just now and what do i see. The nifty is up to 5231. Good i wasnt trading. I havent seen the charts yet but the maximum that could ahve happened is i would have suffered a loss shorting ( with my advanced systems ). Even now all of u out there do not get carried away by this sharp move upwards any buy signal can now be taken only tomorrow as nifty is in the sell mode as of yesterday
Let the nifty show its strength to us by closing above 5141.60. Its after that that we will try and catch the buy signals so dont lose sleep over the thuoght " my goodness i lost a wonderful oppurutunity" No friends we havent lost anything at all. Just sit back and relax.

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Neeraj B


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date10/09/07 time 3.47 pm

Hi All,
I have been sitting in fornt of this site for the last five minutes before penning these thoughts. This is a classsic day of short covering. If ever there was a better example this is one. No matter what the figures say about FII purchases and stuff like that. This day will go into history as one where shorts covered big time and licked their wounds. Rcom Ongc Tatatmotors are going to give a buy on the systems. But i would advice one and all STAY OUT. WE wil enter tomorrow on a hourly chart buy. Pls listen to me. I have nothing to gain writing so vehemently like this.

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Neeraj B


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I have no Idea of short covering and trading.I have heard only 10% of traders make money in stocks and 90% lose money.This is a wild and unpredictable market.If you look closely,it feels as if everyone is trying to make fool of each other to earn money.I have noticed when ever some good brockerage house give recommendations of a stock,its price goes up for a few days(few people make quick money) and then comes back to the same price.What does it mean.May be few handful of people take position in a stock,then release recommendation through reputed brockerage house,make quick money and go to the next stock.Whoever enters after reading the recommendations and hold it for few days,he is left licking his wounds.

dATE 10/09/07 TIME 4.11 pm

Hi All, ,
All my trading terminals have disconnected me and are nto allowing me to log in again. This is the height of short covering. Simply sit tight do not get excited.

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Neeraj B


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