Monday, September 6, 2010

Sucker rally :-?

Ahh, what a co-incidence :-) - I spoke about the sucker rally yesterday and we just got one started today :-D. Ohh between there was no rocket science with that prediction, look at the 30 min charts of NF and BNF below - self explanatory :-).






Just to add, we did break the 5500 level on NF quiet convincingly today as mentioned yesterday :-D. So the new target for NF is 5650/5700 and for BNF is 11400/11500. Will wait for these targets or a previous low [Pivot low] to be broken on the 30 mins chart to enter short until then enjoy the rally ....

-Sri

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