Friday, October 28, 2011

I still want to stick to my point

As it is too early to predict the corrections. The support and resistance what i have shown hold a good sense ... i can even call it as magical support and resistance. market was in a rectangle and today it had been  broken. Technical analyst have a great belief that Bollinger Band will stand as a good support and resistance..  and when you see todays chart we can easily say it's time for a correction. 

Note: if market maintain a good support and it is having a resistance which can become a hurdle... If it  manage to come both of this hurdle i can call market as bullish..