Thursday, May 31, 2007

Nifty thoughts

Raja: nifty is doing massive 1-2, 1-2, 1-2 post the action near 3990. (meaning 1-2's within a local 5th)

a 5th wave extension in nifty's move could take us to not just 4400 but much higher
4672-4900 is valid.
Downside is what? 4140/3990?
Nifty usually spends 2-3 months correcting every year and 8-9 months rallying
So right now max downside is?? 3990 ?

those who are praying for a correction need to study the charts
please tell me what was 4240-3600?
what was 4215-3990?
we have spent adequate time correcting!!!!!!
It is time to MOVE
if we don't move now then bulls will all go to sleep
check out syndi/albk/pateleng for abc/flat corrective setups if u would rather buy low/sell high rather than chase nifty's move

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