May 9, 2011

NIFTY Resistance levels for the bounce

  • Conclusion from the above charts: If price stays above 5550 it is better to stay long for 5650. Price slipping below 5550 will be negative for the bulls.
  • SLV WEEKEND UPDATE

3 comments:

  1. Hi San,

    Though I have deduced 5540 as the SAR ,but was unable to see 5550 as u show in the second chart.This helps a lot.

    good work as usual.

    Cheers !!

    ReplyDelete
  2. Why not give your mother $66,000,000 for this mother's day, after all she put up with you.

    Here's how

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    Here is a spreadsheet, created by a member at Breakpoint Trades, modified by me with some stats on the lower left.

    Since 1995, there were 140 long entries (and of course 140 closing sells)

    there were 74 short sells (and of course 74 buy to cover)

    The average calender day trade period was just under 28 days

    If using ULPIX Profunds 2X long, and URPIX Profunds 2X short, which can only be opened or closed at end of day--


    $10,000 turns into $66,000,000 (compounding the earnings)

    But if you "miss" and can't get the order to your

    broker on the signal day, and instead you buy or sell the next day, then

    the performance drops terribly, to a shabby $49,000,000. :-)

    Interesting? Check out HawaiiTrading for the data

    ReplyDelete