mkt ahead 29 sep 2009...

another back to back long weekend is over and we are starting afresh to trading the mkts.

european and american mkts closed in the green and asia-pacific mkts also are trading with gains.

nifty short term trend is still up(since 4630) despite small correction last week, short term players can keep a cl sl at 4900. while intermediate longs and medium to intermediate term investors can raise their cl tsl to 4750.

we are in a new series and hopefully nifty might make a new high, tgts given earlier. on any weakness tsl should be followed for protecting the profits.

thanks for participating in the poll, do keep voting as the dow poll is open for another 14 days.

poll: dow macro timeframe chart(ew)...

dow jones chart since the early 1930's. i have marked my preferred supercycle and primary wave counts for projecting the likely direction.


please participate in the poll, given below as well as on the right hand sidebar, to give ur own opinion about what u feel how the movement in the dow jones is likely to be from hereon.

case I: march 2009 lows are final and 2007 high will be taken out.

case II: dow will go below march 2009 lows but get supported on lower trendlines and move up above 2007 high.

case III: dow will go down below march 2009 lows and go down below trendline support.

case IV: dow will go down below march 2009 lows, get supported on/above trendline support, move up but not cross 2007 high.

case V: dow will not go down below march 2009 lows and will not go beyond 2007 high.

poll: dow jones will move as per following...