Market & HSBC open higher today and we did not enter the market for short as planned. But personally, seeing hsbc traded below 50.85, I bought HSBC put warrant even its not confirm by HSF. Needless to say, its being stopped out within 15 min. Poor me!! Being taught of no disclipine again. A wedge is forming and a broke confirms correction started.
Since short-term target met (please refer to 26-3-09 blog) , its time to take some of our stake out .
we'll not wonder to see a retracement of 7-10 trading days to 14200 or even deeper if a 5 waves up is to be finished. 12100-11325=775 and 15110-14335=775
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