Wednesday, October 14, 2009

WARNING..WARNING?, WE R CLOSER THAN EVER TO THE END OF THIS RALLY FROM OCTOBER 2008 LOW, SO BEWARE OF YOUR LONGS!!!

THE MARKET HAS BEEN FOLLOWING THE ENDING DIAGONAL TRIANGLE SINCE JULY TO PERFECTION AND NOTHING HAS CHANGED IN IT FORECAST, WE R AT THE LAST UPMOVE RALLY IN THE MARKET AND THE TARGET FOR NIFTY COULD BE ANYWHERE BETWEEN 5150-5300 OR AT 5150 OR 5300, 10-30 POINTS SHORT OF 5150 COULD ALSO HAPPEN, SO IT IS BETTER TO STAY OUT OF LONGS. THE CHART BELOW WILL SUPPORT MY VIEW.

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