Thursday, March 4, 2010

Update on The Ultimate Momentum Signal

  
The Breakout - Day 4
A day of consolidation ?

The Nifty Futures traded sideways today indicating consolidation.

Nifty Futures - Daily Chart


The Updated Momentum Signal Spreadsheet 


The updated spreadsheet showing the Momentum Signal as on the close of   4th, March, 2010 is given below.
 
The Momentum Signal has returned the maximum value of +100 for the fourth 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 5th, 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 the reversal of  the momentum signal are far away from latest closing values.
Cheers and Prosperous Investing and Trading!!!


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2 comments:

forex-cat said...

nice analysis!!
Thank you.

...(I'd be pleased if you exchange reciprocal link with me.)

mometumsignal said...

Thank you forex-cat