Monday, February 13, 2012

Have we formed a Long Term Bottom @ 4531 ???



A parting look @ the WEEKLY CHARTS shows 2 things:

1. Price has comfortably crossed the 1 yr Descending Channel
2. Vols have picked UP post 4531 , as compared to the whole of the prev yr!!
Based purely on the Weekly Nifty Chart.... we look to be headed from 56K before any chance of DOWNSIDE

Worth thinking a 1000 times... have we finished a DZZ @ 4531 ???

cheers

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