DSEGEN INDEX (Weekly Update)

DSEGEN INDEX (Weekly Update) : Before discussion pls see the below data :

DSEGEN INDEX:
Sep 29, 2011       : 5910
Sep 22, 2011       : 5652
Difference (Point) : 258 (4.37%)


VOLUME:
This week average : 4183628000
Last week average : 3477132000
Difference (Taka)   :   706496000 (16.89%)

If we compare this week with last week, we find that General Index has raised 258 point (i.e. 4.37%) and volume has increased a little bit i.e. approx. 71 crore.

                                                                             Chart : 1
Now please look at the Chart 1.  I've just tracked the action of weekly Index difference and Volume difference. Please note that the chart 1 has no any technical value. It is just only for tracking purpose. If you are interested to see how I've got the data, pls. check my previous DSEGEN INDEX (Weekly Update) post.

                                                                           Chart : 2
Now, please look at the Chart 2. Index is staying just below the BB mid line and staying at bearish zone. We will watch it carefully how it break the mid line, i.e. with large volume or not.

One important thing we should not miss. We need to find out that we are in a pullback stage or not.

Elliott wave lover, would you pls. tell us which wave are we staying? Pls. share with us. In a very little short view, we are staying at the end of wave 2 or beginning of wave 3.



What should we do now :

=> If you are a position taker, you should use your previous experience and then put your stop-loss as per your loss bearing ability. Please note that index is not at Extreme Bearish Zone.

=> If you are holding share not cash, please tighten your stop-loss. Pls. don't be emotional, be mechanical.

=> If you are holding 50-50 share and cash, pls closely monitor the market as well as tighten your stop-loss.

=> If you are holding most of your cash, I know you are well smart to know what to do. Just closely monitor the market. Whenever you will find the trend is positive, you will start to convert your cash to share as per your money management policy. Pls. don't forget to put stop-loss.

Finally, "Your money, Your decision". No need to follow others advise specially in share market. Just try to learn and use your knowledge. Your learning will lead you to success. In shaa Allah.
by JC