QUICK-TRADE: mrtq13 (31-10-2008)

I am thinking about the longer term trend now. Just last night,I observed that DSE has changed its trend. Now it is in strong downtrend(from longer term range). So,our strategy should change. If we trade in short term range,we should be quick to trade-be it about profit taking or about lose taking.............You see,last trend of Aug to Oct was a short one. You can say,it was one month trend. Now,we have to look for the new another newtrend,which may also be another one month trend or even two months. But we must not expect the new uptrend to last more than a year,as we are in downtrend in long term trend. So,I hope TAs are understanding that strategy should be changed now. We are in new front,and should adopt new weapons to win the war..............

So,for me,the strategy is simple : go for quick trades. Because long term uptrend is gone..................It doesn't look like DSE has such strength that it will be able to go above 3500 range soon. If it doesn't trade above that range,well,we should be concerned............

Good indicators for such short term situation is : oscillators..............!!!

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