Sunday, February 22, 2009

C wave is over in that short term ELLIOT WAVES after 2970.if one more consolidation Elliot is to start then it will peak nearby 2853-2877but outlook is bearish seeing DOWi expect these elliot waves to convert into DOW waves and to b complete in this week days instaed of something more than 1 weeki expect our expiry shud not b below 2750 and shud not b above 2850. so i m suggesting a range os 2750-2850the max upside i m having in my charts is 2913.but thats very difficult in current scene.i wud like to see MARCH shorts to b initiated after 2800 in parts of 10%. the weekly charts are NOT showing extreme weakness to drop to OCTOBER lows, unless something exceptionla wrong happens. also SMR saying something like an SHRINKING RANGE. my range for this week expiry, i already told. Any waz, things can change all of a sudden if DOW and World Mkts perform on bearish mode. still highly unlikely. i m optimistix this time around . every dwnside is a buying opportunity with a SL @2650 CB

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