power house for nifty technicals and stock market fundamentals with charts and technicals.
Monday, October 13, 2008
OVERDONE OVERTURNED A BIT
Wow ......relief rally came despite huge glomminess thru the weekend..All and everyone were jumping over one another to give newer lower targets for this monday..well markets are markets, the footprint of the friday trade of higher lows..3198-3209-3258, held as I had written & also the uncoiling of the oversold positions was to take place , we rallied up doing higher highs throughout the day....Good thing is there was no huge selling in the last hour of trade. Technicals do help and its proved again today, only interpretation of signals is required..Hope people have benefitted from the technicals posted here.. So where to from here ..the speed lines will still remain valid..lets see how the drama unfolds in US markets today. Enjoy the good day today...cheers.
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