WHAT NEXT ?????

Market in India too cheered the Freedie/Fannie development & also the nuclear waiver got the thumbs up..by gapping up by app. 200points ( shorts , put buyers/ call writers got chopped enmass)the companies I mentioned below to gain did make smart moves during the day..As was expected and had written that after the gap up on opening will wait and watch how markets behave ( nifty did not cross the opening 4558), markets just kept slipping everytime they went high..looked like confidence to carry forward the longs or further buying conviction was lacking and that resulted in profit taking..will we correct more & give up all gains or rise up to retest the top of 4650..& move higher, lets look look later in the charts. for this ...cheers.

MARKETS CHEER FREDDIE-FANNIE

Markets in Asia cheered the news of Federal take over of Freddie/Fannie soon and gapped up, Nuclear waiver for india will be additional booster for India & SGX nifty at 4575 is reflecting the opening..DOW future is also way up..NF will cross our weekly 1sttarget of 4515 and head towards 2nd target in the next few days of 4664..(SHORTS ..GOD HELP THEM) wait for the markets to cool off a bit to see where it is headed but keep booking profits in your profitable positions as we trade up..cheers