Sunday, December 2, 2007



Once again, I triend my Fibbo again. Hopefully it's right =)

Crucial points to note:


  1. Anyway, the index broke out of it downtrend on Monday and sustained.
  2. Breaking the Fibbo and 200MA @ around 3420.
  3. MACD, RSI and ACCDis all showed good signs
  4. 4 out of 5 days, price sustained it's opening and closed well.
  5. Very IMPRESSIVE volume on friday.
  6. Point to break 61.8% and 100MA @ around 3550. Time frame of this break should be by Tuesday or even Monday if market sentiments are carried forward to next week else....

all the above analysis will be trash ....

Any comments?







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