Bulls stuck?

My post last Sunday - 9th August needs no further explanation, and Nifty has behaved exactly as per that road map. Watch out if Nifty futures opens below 4470 and stays below it - it is a sort of Island reversal which can have extremely bearish implications.

If it does not open below 4470, but below 4515, it will face resistance at 4515, and a close below 4515 is bearish too.

Gold too ready to fall---or crash is a better word?

Again...contrary to general perception, I have been bearish in gold for the past few months.

Although Gold has not fallen much, it has not crossed previous tops either, and now, I feel it is time for someone to blink.

Attached is a longish term chart of gold in $.

My view is --- a break below $ 925..will take it all the way to $ 600or lower !! That should be below Rs. 10000, since this will fall more --- INR too going for 43-44, in my opinion.

All those husbands whose wives are pestering them to buy gold, since the local jeweller says it will go to Rs 20000......please follow this chart. Tell them, you can buy 50% more quantity near Rs. 10000. :P

Any takers for this view?

I have spotted a bear lurking round the corner..............

As usual, contrary to general public view, I am bearish for this month.

Chart attached giving the roadmap that I saw in my dreams.

Target 4150----in August.

Please do not trade on this call, since it can go wrong, but it is worth having a few puts on every rise, with a broad stop loss 4750.

Thos who are bullish could do well to glance over the shoulder occasionally for the charging bear, and use tight stop loss.

Do not throw caution to the winds, since i am sure the moment Nifty goes up 40-50 points now, people start giving target of 4900----5100---4200.

It is exactly opposite to last year, when the moment Nifty fell 50 points, one could hear targets of 2500---2200---1900...I also heard a target of 900 for Nifty!!

Since all members here use charts (I hope so), use your own stop losses, and be prepared to short !!!

Suggesting a trade based on my experience and past observation -------if market rises and immediately falls on Monday, and there is a reversal, and keeps rising till Tuesday afternoon, sell longs and go short on Tuesday at 3.29 pm---if it is at the high of the day!!