September 30, 2010

The patterns of stock market

  • Many times the bull market starts with a W formation. and it ends with an M. This is not a thumb rule but has seen this happen many times.
  • By Showing an M i am not suggesting that this up trend is going to end. But one should take a note of the weakness that occurred followed by such a patterns occurrence.
  • Now one should watch the levels of 5956 in NF. Breaking below it will give sharp correction and it will break an important support. Then that support will become resistance.  

No comments:

Post a Comment