Thursday, November 26, 2009

indicator works

My chart says it all.
the last rise, it seems tobe a structure like a ROUNDING TOP...and ultimately a LOWER TOP...first important confirmation will be a close below 4937 and than A DECISIVE BREACH of 4860-4817 will put an end to the rally from march-09.

2 comments:

S N Vaish said...

I had noticed your msgs and closed longs, yesteray on 25.11.2009 I also went short bought put of 5200 at 70 today sold at 200. thanks for your advance warning. please keep it up as always.

Stockchart said...

thanks for noticing my analysis and infact getting some bucks, creates inner joy to me.
see, how today nifty took support near my lvl of 4817 ??,,,seeing the fast recovery from such lvls, given here, is the signal to cover short.