Saturday, June 6, 2009

TRADING AHEAD..MONTHLY CHARTS

The above MONTHLY Chart is self explanatory..The blue lines are the SPEEDLINES of Market movements connecting the top (2008 jan.) & a bottom 2539( 2009 Mar.)..Which is showing a tentative target of 4800..over which will be BREAKOUT..
The yellow lines ARE the Retracement targets connecting 6357-2252 NS..
The red lines are again the SPEEDLINES connecting bottom 2539- to 4636 yesterdays top .These lines show a possible retracement we may get in near future in case we are near a top..Take the trades in the Direction of the market in the coming days and weeks and hope the above chart helps all in Tentative levels markets may achieve in BOTH the directions..enjoy the weekend..cheers..