Quotes of JL :
Discipline: “The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.”
Price Action: “The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.”
Stock Picks/Following People: “The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.”
Cutting Losses: “A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does damage to the pocketbook and to the soul.”
Timing: “It isn’t as important to buy as cheap as possible as it is to buy at the right time.”
Being Right: “There is only one side of the market and it is not the bull side or the bear side, but the right side.”
Stocks Not Acting Right: “If a stock doesn’t act right don’t touch it; because, being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit.”
Stock Tips: “I know from experience that nobody can give me a tip or series of tips that will make money for me than my own judgement.”
-Yesterday ,We had written that 5252 will act as LAXMAN REKHA & 5180 will as Major Support.
-After Opening it kissed High of 5248.95 & CRASHED immdly to kiss low of 5188.
-So upto 13:40 Hrs it was not able to cross 5252 & not broken 5180 level.
-Our Mantra was :Once crosses 5252 with volumes will zoom to kiss 5295——–5309 level (It kissed high of 5295 @ 13:50 hrs and crashed again to low of 5209 level )
-Closed at 5251.75
Below 5260 if trades with volumes will take to 5239——5232 & there after will slide upto 5204 level.
Last & Crucial Support at 5180 level (Shouting since last 3 days )
Major Hurdles :5295-5309 level !!
Crucial Support or Last Hope @ 5180.Decisive Break below 5180 with volumes will take to 5116-5095 level.
http://bit.ly/GPnL30 -Have u seen this Link ?Pls check it !
Between 5180———-5309 it will Oscillate !!
101% These two are Trend Deciders.
-Once Breaks or Crosses with volumes then will Update more to our Subscribers during Trading Session.
Technically Yours/Updated at 7:52/28th March/Baroda