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| Discuss self sealing balloon : Correction?? at the Stocks & Shares within the Traderji.com - Discussion forum for Stocks Commodities & Forex; hello every one..... pl find enclosed a GIF file of daily NIFTY with a pitch ... |
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#11
21st March 2006, 08:06 PM
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Re: self sealing balloon : Correction??
hello every one.....
pl find enclosed a GIF file of daily NIFTY with a pitch fork tool drawn pl open it with a MS PHOTO EDITOR to enlarge the market may fall ... it may be true...but to what extent... everybody wonders and fears....todays close shows that even bulls tried hard they could not close it above the open....today morning the OPEN & LOW were the same but in the end the 2.30 factor worked and the open was broken and the index came down and tried to come up but could not close above the day's OPEN... The NIFTY may correct but taking into correction factor unless the NIFTY crosses 3237 down it does not come into the lower channel of the pitch fork then again the strong fight between the bulls and bears continue and side ways movement may be seen... if at all the NIFTY falls decisively after breaking 100 points down then stron correction may be seen..... In between so many ups and downs... This is purely my view of analysis.... I welcome senior members expert comments on this...Please Last edited by rbs_naidu; 21st March 2006 at 08:12 PM. 
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#12
21st March 2006, 11:04 PM
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Re: self sealing balloon : Correction??
Quote:
No Baron Theres no H&S on the horizon quite as yet... unless what we saw today ( the busting of 11k ) was the LH shoulder Check after a week or 2 though Good thinking anyway AGILENT 
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#13
16th May 2006, 11:56 AM
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Re: self sealing balloon : Correction??
Quote:
Well folks, do we have the BIG puncture now ? More important , will it seal itself now ? ( I think we are in a secondary downturn .... could last a few weeks ... maybe even over a mth... the primary is still intact) AGILENT
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#14
16th May 2006, 12:13 PM
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Re: self sealing balloon : Correction??
pl check attachment look when market start crashing its crash loke this.
I think stock market could slide up to the levewl of 7600 with in three to six month. Manish
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