Split personality of Mr. Market is at full display with 100 point swings on either side of the rope. So what do we make of it? Well, nothing really :) Instead of being bogged down too much into the analysis of inconclusive and inconsistent themes of the current market, just trade it technically. Albeit, with reduced position and with strict risk control measures.
For our 8000 longs, we will be taking profit now at 8250 and for the rest at 8400 and ( if it really has in it then ) 8600. And of course, 8400 and 8600 are the resistance levels where we will switch from being long to net short.
For our 8000 longs, we will be taking profit now at 8250 and for the rest at 8400 and ( if it really has in it then ) 8600. And of course, 8400 and 8600 are the resistance levels where we will switch from being long to net short.
