a top indeed...when i projected 5190 in july-09,many must have got surprised..but i never have even thought ,that 5190 would work not only as a tgt but even as such strong resistance..well..i did got a few hints ,when i said abt weakness in it-auto sector a few days back,and the rising wedge and expanding structure in hourly-daily charts, with supply increasing at my tgt helped me to predict a top.
sincerely its gods grace that i have realy been able to mix up few technical points so nicely and effectively.
without even going into hi-fi ta like e-waves or neo-waves,sometimes i have used candle-power,or,sector weakness,or reliance or stochastics, roc-rsi in this move,at times few patterns, and sometimes its the use of multitime frame charts.
if the trendline(as posted in charts)doesnt support..or a weaker supports comes(my sytem will identify strength/weakness)..than we are in for lower tgts of 4910-4876--4791.
No comments:
Post a Comment