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Thursday, March 31, 2011

Have we set up for BIG FALL?????

I have this daily chart .We hit that parallel channel upper resistance line to reverse a bit.

To get a clearer picture where we hit the high today , i give the below chart. Thats the same parallel channel.

I sense that a BIG FALL is ahead by looking at this RELIANCE chart . The last day i said that reliance is gonna head up to hit that upper blue trend line . Today it crossed that line a bit and returned to close at the line . I sense a major fall here.

And to all the above charts I add another Pretty chart.

Finally we see that the action in the 5 minute chart for the last couple of days. The channel has been broken .
The markets tried to go above the support line again but failed and returned .


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