The Breakout - Day 2
As expected the follow up buying happened today and the Nifty futures closed at the high. There weren't any adverse news from the international scene too.
The Updated Momentum Signal Spreadsheet
The updated spreadsheet showing the Momentum Signal as on the close of 2nd, March, 2010 is given below.
The Momentum Signal has returned the maximum value of +100 for the second 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 3rd, 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!!!
You can use the free online Position Limit Calculator from here.
You can also checkout the five year history of The Momentum Signal Spreadsheet from here.
You can also checkout the five year history of The Momentum Signal Spreadsheet from here.
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