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Thursday, March 10, 2011

Nifty update

Many people are saying we are going to 5650 levels. Even I feel that we are going to that level . But not before some pretty good up-down movements on the way . It looks like we are set to HIT that RED  LOWER trend line , before moving up towards that Upper RED TREND LINE towards our 5650 level. That would complete this 4th wave and start the dreaded 5th wave that would take us below 5000 .

Gartley is also showing a reversal zone of 5313--5330 . We may reach 5330 by Monday .


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