Hanging Man gets confirmed with an Evening star on the charts !

Evening Star pattern is :
A bearish candlestick pattern consisting of three candles.
1.The first bar is a large white candlestick located within an uptrend.
2.The middle bar is a small-bodied candle (red or white) that closes above the first white bar.
3.The last bar is a large red candle that opens below the middle candle and closes near the centre of the first bar's body.
Today's Candle is encompassing the whole candle of first day in the pattern .This shows a strong bearish possibilities .
The day closed at 5087 was below the 5 Day ema  at 5111 ...so the

Day Trend turns down today.
Hour Trend has been down since 10:00 close today morning.

Indicators :
All the indicators showing weakness ... Hour fast macd turned below zero during the day and slow macd about to cross the zero line , that may happen tomorrow .

Moving Averages :

Prices closed below the 50 sma at 5092 .
The MAs are aligned in the bearish way.
Closed above Day low ema at 5080 ...at 10:00 close tomorrow if it is below 5080 then a shorting opportunity again .

Sitting Tight most difficult thing to do

I should have carried the position , and not closed it according to rules .
I was in a trade with zero risk ..as developing hour high ema was coming to 5143 and I took a position at 5154 so even if prices closed above hour high ( as the rule says to close the short position , as and when prices close above hour high ema ) I would have made 10 points or minimum loss  .
Hanging Man was also confirmed by todays action and also an Evening Star in the making . Indicating a down movement further for sure .

30th Jan 2012

The trade should be still on according to the rules , that a close above Hour  high ema  should be the stop loss ....But as I saw 50 points and saw it reduce to 40 point s , I booked out ...after a long time some gain I saw :)
I should have sit tight and should not have closed the position . but I did
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Today at 10:00 close I shorted 1 lot of mininifty ...
Based on
1) Prices closed(5150) well below the Hour low ema at 5170 .
2) Gap down supporting the hanging man formed on friday.
--will update here as the day moves on