Monday, February 1, 2010

MONTH AHEAD

Markets start on a back foot this MONTH, due to structural change with this relentless selling ...This month the S/R ZONE will be 4990-5000 zone with a inner range of 4650-5200...the WEEK ahead could have a 4900 S/R with again a range of 4600-5200 app.With the Dollar strengthening ..most of the Asset classes( gold/crude/equity etc ) have unwinded their positions & may unwind more..Unwind or book your longs in case the S/R's of the week/month are not crossed this month & buy the dips or sudden capitulation days..enjoy the trade cheers.