February 8, 2011

Trying to save the bulls

CHART-II
  • Bulls getting some help from the support line.
  • Intraday Bulls will feel safer if price remains above the red dotted line shown in the above chart.
CHART-I
  • Trying to save the intraday bull.
  • If that support line breaks the above chart will look meaningless
  • Correction will continue.
  • Getting above the dotted line can give a rally towards the resistance line.

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