power house for nifty technicals and stock market fundamentals with charts and technicals.
Saturday, October 18, 2008
WILL THIS STOP
Volatality has assumed huge dimensions..Cboe Vix over 70 literally( unseen levels by many), the whole world financial order is disarry, best not to discuss any levels..Huge blood on the street, mouthwatering levels of stocks( yet only sellers )total capitulation, huge fear/abject surrender is the hallmark of last few weeks... R we reaching a end..LOOKS LIKE , for the time being..This is what Smart money/Angel investors look for and get in for the long haul again..Watch LEVELS around-- 3280 ---next week.. ..Above that sanity can return..3143 was the STRONG MONTHLY SUPPORT for so long , hope we close over that this month..3050-2995-2950 are good supports..HOPING FOR SANITY TO RETURN SOON,,,,,,,..Trade cautiously..cheers..
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