Friday, March 26, 2010

PATH AHEAD

Markets have consolidated in the 5200 zone for a while to unwind in INTRA charts the overbought situation , thus giving the move up yesterday..The range still is 5200-5300 ,+/- 20 points ... Markets are so resilious that even overbought position in daily is giving no substantial correction..So what should one do????....well ...go long only if we close above 5310 and go short below 5205 with small SL's. for maybe a 100-150 points run..enjoy the day & the weekend.cheers