Tuesday, May 12, 2009

HUGE RETRACEMENT

Market not only covered yesterdays fall but moved up towards 3700 zone, closing at the top of the day. This volitality started with RETRO MERCURY...enjoy the volitality and this will become a trading paradise for technical traders as markets will give swings in both directions thereby giving very good gains..(app 4% move today). Be prepared for range swings end to end till this phenomena lasts..be very light before the weekend..Range is 3500-3650-3800 ..trade with charts /technicals ..cheers..

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