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Thoughts of a Bear

December 5, 2008

“Rise, Rise! My sweety , rise, so that  I can kill you, with every fall of yours”

After a spectacular rise of 100 points on NIFTY in the last trading sessions, bears are back. And why not, when daily cues are showing negative trend, and hourly sentiment, neutral to bearish, any divergence on 10 minutely charts is fatal for the bulls.

Honestly,  I was expecting this fall since yesterday, but sigh! even MACD divergence takes sometime to show its colors.

Presently, NIFTY 35 points down, from a intraday low of 51 points.

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