Upside containment this week should be the WR1 at 5105. A major obstacle heading south will be the 4-hour kijun / daily tenken combo at 4941. Most likely it will be broken as the market heads to the WS2 at 4905.
Couldn't resist flying back to your thread. There is something I've got to share with you
So only two posts will be there on your thread from me. After that I will have my own thread on TJ, where EagleOne will pulldown hypocrites' pants - whenever, on whichever thread, I find them! None will be spared. Cause, I have no prejudices. I have malice toward one and all! (remember quoting something like that in your earlier posts?)
So, this first one is to tease you - which is right below.
Second will be there tomorrow after 10 am - which will please you.
(Sorry, I had to compact the chart image to fit in normal screen, as mine is of very high-resolution.)
My system gives 'go ahead' to this target. However, cautioning me as well to wait as certain parameters are still not coninciding as per the requirement. Let's see if they do in the first 15-30 min of tomorrow's session.
But you have your own system, Sudoku. All the best.
Take care.
Frances largest publicly traded banks face another week of turbulence as Moodys Investors Service may cut the credit ratings of BNP Paribas SA, Socit Gnrale SA andCrdit Agricole SA because of their exposure to Greek sovereign debt
Nifty spot holds 4970 on closing basis still have chance to test 5225-5330
fail to hold and close below this for 2 days sure to re test 4750 to form double bottom....
weekly chart indicators suggest...
further break down from 4750 gives Nifty a chance to go all the way down to 3820 to fill the(18-5- 2009) gap created after the election result in between technical support may be found at 4600 - 4200