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Thursday, February 18, 2010

Update on The Ultimate Momentum Signal



                          Nifty Futures
 

After the run up on the 16th Feb. 2010, the market has traded sideways yesterday and today. In the  candlesticks charts, the formation of a doji followed by an evening star indicates indecision.  The Momentum Signal is still giving a +50 value indicating upward momentum.



                                    
       The Updated Momentum Signal Spreadsheet 


Here is the updated spreadsheet showing the Momentum Signal as on the close of 18th, Feb. 2010. 

You can click on the chart to enlarge. 

 Projected Momentum Signal Close Values

The projected levels of closing values required for momentum shift / neutrality / continuation as on the close  of trading as on 19th, Feb. 2010 are given in the table below.

You can click on the chart to enlarge.

Cheers and Prosperous Investing and Trading!!!
 




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