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Tuesday, 26 November 2013
All indices hitting major resistances
All indices I have been posting are hitting very major resistances at the same time which is a rare occasion. Bulls better be very careful now.
This is a nice but an anticipation chart. I would start labeling it A where B is. So one more down all the way to 6000 would be E, i.e. end of wave 4. As long as we do not hit that bottom we can't call it a megaphone but for bears there is always hope :))
Bouraq...in case you didn t see...Margin debt up nicely to 412m from 401m.No dropoff yet and continued bullish numbers for now.Cheers.
ReplyDeleteYou could also check out this chart. Classic megaphone high.
ReplyDeleteRodders,
ReplyDeleteThis is a nice but an anticipation chart. I would start labeling it A where B is. So one more down all the way to 6000 would be E, i.e. end of wave 4. As long as we do not hit that bottom we can't call it a megaphone but for bears there is always hope :))
Thanks anonymous. Why don't you get yourself a nickname? :)
ReplyDeletemysteriousMG you are. :) Happy holidays.
ReplyDelete