Monday, November 30, 2009

The equalizers…..

In the chart I have shown a zoomed view of the relevant candlesticks. The last two are marked A and B.  A has a longer bottom tail. This means, by the end of the trading session, buyers dominated the sellers. Now B is just reverse. This shows that the unexpected news driven panic is nullified and ready to take the natural, technical path. That is; towards what I had mentioned in my weekly report. Since the price actions have equalized the sentiments, we can expect a soft opening tomorrow….

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES