Tuesday, September 9, 2008

LOWER TOP TODAY

Market stopped SPOT ON at the speed line support of 4420 and slowly clawed its way up from there to make a top of 4497 and slipped again to close DAY near SUPPORT OF 4460,, marking a lower top after double top of 4525 zone in last few days.. all intraday indicators are giving negative divergence..Whats in it for us..?????CAUTION as we can slip suddenly if we do not cross 4525 zone soon..
Over 4420, Bulls still have a chance, Below this story starts getting tricky ...trade cautiously for the next few days so as to not get caught in any sudden wrong move..cheers.

No comments: