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    Thursday, August 21, 2008

    in dire straits...



    i have been discussing ABC-X-ABC type complex correction since after jan crash and given the counts on charts earlier.

    Now the B of second corrective ABC seems over at 4650(having already done more than 50% retracement of A), if not then nifty must move up from here up to defy end of B and signify end of B-c-2 today and rise toward 4700 odd lvls to complete its earlier tgt else presumably B has ended and the dreaded big 5 wave C has begun.

    also note the blue circles(crossovers on macd-signal) and green circles(crossovers 20-50 emas) that look ominous at this point.

    Posted by abhay r somkuwar at 8:24 PM 0 comments

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