Friday, June 19, 2009

GREAT TRADING DAY

Markets traded on the dot ..4200-4300-4400.....worked beautifully, technically speaking with great intraday swings..(once again ALL OUR CLIENTS closed this week with very good gains).. This is just technicals..Hope the range I gave has helped all visiting here also..Shorts seemed to be covered in a hurry and after many days, we broke a high swing finally (4311)..in intraday..which indicates more upside ..The next day or so is crucial , watch 4290 in close again for any weakness , till then the baby bears will keep wondering what happened today that caused this Superfast Reversal.. enjoy the weekend , will try to post thoughts during the weekend for trade ahead..keep visiting...cheers

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RANGE BOUND

Markets should be range bound after this huge jerk they gave in the last few days..4200-4400 could be a range as of now with 4300 as S/R..Be patiant..that will be the key???? , who knows whats in store in coming days- weeks, we are still much much over the March Lows....cheers..