extreme caution

sensex: extreme caution is required now.at maturity levels.

sensex

market at new highs but time is running out to breakout which is at 18400 level.this week only.else a significant decline may be around.lurking.

spx

the decline since the highs is quite unlike any other decline since the lows of 666.

hence a bearish possibility remains in effect as of date .the two turn points are 1095/1135 ( i favour the second one) and some more time.

there is a chance that spx can drop to 900 levels in comin time.

so as a market strategy, i will not like to trade or be positional here at 1095 but be a scalper till market decides.

indiabulls

the stock 'indiabulls' and not the country India Bulls!

its started moving , and tgts are 173.75 and 190.will be vary if it closes for two days below 158 now.

B wave top:spx

it is difficult to say whether B wave has topped.but it may just be so.

i had argued that neely's structure is not correct which essentially was implying strength and no new lows at that time.now at 990-1010 levels are extremely strong levels of support, so a good bounce is due.

indian market is diffident for the simple reason that a major world index has had a standing gap for over a year, and this gap is no mean gap,a huge huge gap.

the breakaway gap.so indian markets are extremely reluctant to go down.

this gap will be narrowed some time in the near future but may just not get filled.

i am very sure that i will put a large chunk of my capital money in long term mutual fund once it gets there and keep making systematic continuous investments in the indian markets.