Thursday, October 8, 2009

a top is nearby or it may have been in place.


generally huge volatility happens at major tops-bottoms..we are witnessing the fight between bulls and bears getting intensified, since last few days,all possibilities are there that we have seen atleast a short/med term top,in my opinion this weeks closing will clarify most of the doubts.being a ta..at times you feel that markets are difficult to predict,i admit these days for me too its been not that easy,although my trading system is helpong me out as far as intraday calls n intraday trading is concerned.i can see an expanding bearish structure in nifty intraday charts,,lots of bearish candle patterns are visible on so many pivotals, and weekly bearish wedge on indices.with major support at 4877 for nifty,i feel that we may have seen a top

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