Thursday, May 27, 2010

SUPPORTS --- CHANNEL WORKS

SO, here is the market.taking support at level which was a clear target...and channel support.

When i started to say A TOP , budget rally ends ,,their must be very few who believed me.there was no media hype , as the channel experts were, claiming higher targets only.

A few days panic ,,,a strong close below,, 200 dma, and everyone in media/ channel starts talking 4500 and more on the down side.

E very one knows ,lower levels ..market immediately tries to prove them wrong.
up move is gathering momentum. as i said in morning...watch 5023/5091 and 5146/5180.

also , this rally should go up in 3 legs. two up and one down. so tomorrow and for monday 5091 looks tobe a critical resistance to watch.

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