Monday, May 10, 2010

update

nifty shorts exit : looks well timed .
tomorrow market will attempt 5250 levels, which is in a way decider level .but stocks have shown tremendous strength which augurs well for the bull continuation.

on the spx 1085 was expected at the maximum after the other days decline and it fell to almost 1090 i think which is now bottom for a while.
all signs are in place for a continued run to 1270 levels.neely expects a deep triangle but i am not so sure . some sideways consolidation but certainly not deep enough to provide a low risk entry , which will be 1125-30 zone.

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