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Thursday, October 20, 2011


No access to software charts . Just watching

So We are still in the 4th wave .  A , B completed . Now C going on .In that C we have completed 1st . Now we are doing the 2nd . The 2nd , as we are seeing for the last 2 days is showing volatilty , which might be an a-b-c or it may be a triangle. But the thing is i guess we will be going higher after this consolidation to touch 5170 or 5230 to complete the C and also the 4th .

UPDATE 1:05 PM : currently it looks after the steep fall in the morning , this is just a CONTINUATION pattern  and we might touch at least 5010 . there is a chance we might go lower. Other supports are 4990 and then good support at 4970.

Currently at 5036

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