Weekly review, week ended September 5, 2008

Last week with 4 days of trading was quite volatile, we made good calls through the week and an excellent trading on Tuesday made the week as a whole hugely profitable. On the weekly chart last week was a doji, indicating indecision. The week ahead has started off with a bang today, though it looks like it will be short-lived. Looking back we should have expected the sharp moves today.
We also started covering RIL. So far we have not had any conviction trading calls on RIL, though we expect this to change once we get more familiar with the stock.
Looking ahead we expect the volatility to die down by the end of the week and a clear uptrend to be established.