Wednesday, March 3, 2010

Update on The Ultimate Momentum Signal

 The Breakout - Day 3

In spite of  the world markets trading sideways, today, the Indian markets rallied further on the strength of the market heavy weight Reliance and the midcaps.

 Nifty Future - Daily Chart
The Updated Momentum Signal Spreadsheet 

The updated spreadsheet showing the Momentum Signal as on the close of   3rd, March, 2010 is given below.
The Momentum Signal has returned the maximum value of +100 for the third consecutive day.

 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 4th, March 2010 are given in the table below. The table also include the projected closing values of BSE Sensex required for momentum shift / neutrality / continuation.

  You can click on the table to enlarge. 

The closing values required for a neutral momentum  or reversal of  momentum signal are far away from latest closing values.
Cheers and Prosperous Investing and Trading!!!

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