more bleeding is ahead....if...

Friends,

from 4174 i was thinking market will come down & it did as nifty could not cross 4176..I wasn't 100 % sure that's y didn't post the view..market was looking like 12 may 2006...
I think more bleeding a head...if nifty didn't cross 3860....
resistance 3835
support 3776 strong support
I m 99% sure...

I request elliot wave analysts & other friends to post their views about the same....

Regards,
Milind

Inside bar on nifty. keep watchin for that. watchout for Global cues.
If long target is 3850. Support @ 3775. Pretty much like ur view Millind.

Thanks

some say that all th 5 EW are over and now we are in a bear phase. lets see how things pan out.

we have cmpleted 5th of third still two more rallys to come. Dont think we r in a bear phase.

Elliot waves are ambigous.