My PREMIUM SERVICE Will Send You PROFITABLE MOMENTUM ALERTS! http://www.muathe.com/ Get My LIVE Stock Pick Alerts Right Now. I discuss another method of short-term trading which is someways is similar to the simple line extension shown here: https://www.youtube.com/watch?v=lqwPxwQFo3k https://www.youtube.com/watch?v=Tmsm6EldMdg https://www.youtube.com/watch?v=e0ZHWUM-PqY I think the entire Indian market (SENSEX @ 28,046.49) is about to correct (potentially severely). I also discuss why DR REDDY LABS [3518.40], BHARTI AIRTEL [400.00], ICICI BANK [1,686], and SESA STERLITE [240] all seem set to drop.
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Duration: 30m 0s
Rating: 17
Great videos!! Quick question...
At 7:20, you draw a line on the RSI to the nub right around May 12th. At that time, the RSI hit your line resistance and the RSI started to go downward. Looking similar to uniform activity because it created an upside down V. How would you know that you shouldn't short the market at that point? Here is a link to a screenshot of what I am talking about.
https://drive.google.com/file/d/0BzhYoFSvuRyKRzc0UXlpM2hWODg/view?usp=sharing
Thank you!