Blood bath again today, every market in the world capitulised on financial fears..where is the base..we should be touching base at least for the time being some where around these levels in zone of 3650-3600-3550-3500..( have posted charts also for this few days back)many scrips are available at mouth watering prices and people in cash would have definitely bought for a trading bounce.. Some world order will be surely there and the retracements also will be fast & furious as is typical of the Bear markets. The above chart shows the channel we are following , support at app.3550 and the resistance on reversal at 3800-4050. Hope this helps..( do not sell off in panic)Trade accordingly...cheers
Monday, October 6, 2008
BLOOD BATH AGAIN
Blood bath again today, every market in the world capitulised on financial fears..where is the base..we should be touching base at least for the time being some where around these levels in zone of 3650-3600-3550-3500..( have posted charts also for this few days back)many scrips are available at mouth watering prices and people in cash would have definitely bought for a trading bounce.. Some world order will be surely there and the retracements also will be fast & furious as is typical of the Bear markets. The above chart shows the channel we are following , support at app.3550 and the resistance on reversal at 3800-4050. Hope this helps..( do not sell off in panic)Trade accordingly...cheers
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