The SENSEX is testing primary support but has so far (Tuesday 12:30 p.m.) held above 15800. Breakout would signal a primary decline to 14000*. The peak below zero on 13-week Twiggs Money Flow warns of strong selling pressure.
* Target calculation: 16 – ( 18 – 16 ) = 14
Hi Colin
Just wanted to say that I have been reading your posts fOr over a year. Think they are great.
Thanks
G
Dear Mr. Colin,
Is it possible for you to comment on NIFTY Index, which is India largest index run by National Stock Exchange of India – their website nseindia.com ? S&P CNX NIFTY Index is more popular than BSE Index. Just a request – as NSE reflects better results than BSE.
Thanks for your information – GREAT WORK.
GHAISAS, Mumbai, India.
I don’t have the same data history for the NIFTY but will alternate between that and the SENSEX.
I have been reading your mails and they have indeed been a great source of learning and guidance. Could you kindly also let us know which are the best averages used to determine an uptrend or downtrend ? Also could you kindly what TWIGGS MONEY FLOW is about ? Could you kindly enlighten us on this. God Bless us all ! Happy Times !, Uday Mehta
There is no perfect MA that suits every stock and every phase of the market. See the following: