Thursday, May 08, 2008

>08TH MAY Trading day

Over night DOWJONES dump was big but Asia did not react much to it the gap down lows were maintained but as I have said many times before too gap up and gap down days are usually lackluster without much trading opportunities though jobbing can be done like I did in few scripts BOMBAY DYEING and RELCAP:)

There was no clear trend today each substantial rise was followed by big sell offs.Surprisingly many unknown mid caps were blasting today Nothing much to write today it was a dull day.

Today trying to analyze ABG SHIP which is consolidating for some time after the spike up.Chart attached


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