Saturday, December 20, 2008
WEEK AHEAD
Markets showed good resiliance and despite overall belief of being overbought/overstretched, it defied gravity to close at the high point of the week. the S/R works out to be 3050 and the range is 3220-2880..Its the settlement week & volitality will be at its peak. All inputs for boosting economy have almost been put in by governments all over the world..trade light and in the direction...Enjoy the weekend..Cheers.
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2 comments:
Do you think we are in wave 1 of a long term bull market at this point?
This is still a rally in bear market..markets spend lot of times testing & retesting bottoms for start of bull rally again..
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