Could not post last weeks techs . as was away on a family function..
So what do we have right now..As mentioned in the last post we did cross the highs to make a new high at 6003 (NF)..and corrected in the classic jerk after a promise of highs..This is the 12th month from the lows of 2011 dec..and the journey has been quite profitable for all those who invest in good dips and trade or hold..Markets have to consolidate for some time to absorb the rise..key area to watch will be 5780-5850 (NF) in times to come for any serious correction to set in for this rise..January will be the key for this..in the mean time it could be range bound before a attempt is made to retest tops or close over it in coming weeks trade the dips well and keep some cash for rainy days..cheers
So what do we have right now..As mentioned in the last post we did cross the highs to make a new high at 6003 (NF)..and corrected in the classic jerk after a promise of highs..This is the 12th month from the lows of 2011 dec..and the journey has been quite profitable for all those who invest in good dips and trade or hold..Markets have to consolidate for some time to absorb the rise..key area to watch will be 5780-5850 (NF) in times to come for any serious correction to set in for this rise..January will be the key for this..in the mean time it could be range bound before a attempt is made to retest tops or close over it in coming weeks trade the dips well and keep some cash for rainy days..cheers
