Keep trading breakouts

Remember what I said , 'we're off to the races'??
The action is not in nifty
The goal of the bulls is to keep nifty within 4000-4240 to keep sentiment intact and keep getting breakouts in individual stocks.
don't trade nifty right now
Trade either the extremely strong breaks w5
trade fresh breaks, w3/wc etc.
I'm only counting waves post local lows of nifty at 3600. Not doing the entire history of the chart.

If a stock does gap down or break down it should be shorted on rallies, like cipla/icicibank can be shorted provided one is long on some other stock in the same sector. No naked shorting in a bull market, not worth the risk.
Trade stocks for ending of consolidation, end of w4 (check previous list of consolidating stocks, colgate?? 340 anyone?? gapped up to target zone 384. The madness of this bull market is very much back)

Now does anyone understand the word titans??
Huge bears @ nifty 4240 not your ordinary dalal street bear.
There is tons of supply in nifty at higher levels 4184-4200-4220-4240
This has to be absorbed before we can do 4440.
We might consolidate 4220-4040-3980 max dmg expected.


But at the same time bullishness in the right counters could give u 10-20-30%
for instance
litl, offer @ 200-240
if it was worth 200-240 why is it not worth that much now??
Thats how a bull should start his thinking.
Then look for facts to refute this.
For instance are fundas worse than they were before offer?
I have bull friends who are stuck at 200-240.
We can help them by buying and taking litl right back to atleast 200 if not 240

support 168/160 sl 155/150
target 176/184/192/200/208
LITL, Analysis Date:5/4/2007 11:43:59 AM
Close/cmp:171.7
Swing : Up=Buy ( 4.000% sensitivity)
T1:159.087 T2:161.613
T3:165.701 1xR:174.9
SwingHigh:164.9 CMP:171.7
SwingLow:158.2 SLPivot:155.0
2xAtr14Stop:2.48731
Narrowsl:155.00
WideSl:148.83
Lower Chan:149.347 Upper Chan:156.816
ResLine:153.434
Litl just did 1x risk target 175
if it pulls back to 155 gr8 gr8 buy
If i knew fundas i would already have bought, still waiting for some kind of funda clues. I'm not very good at following the chart alone.
I always get stuck between w3/wc. :)