Monday, November 7, 2011

Do i suspect a "Double Top?"

Once again I am ready to take a risk to say, it again. That market “may” form a kind of double top and then slide to my given levels. I have not yet stated working on supports. I still say band work once again.

There is still a plan “B” buzzing in my mind. What happens if I go wrong!

If I go wrong I will be willing to look this as a Elliott theorist. The resent correction I had spotted will be wave 2, and market will head to wave 3 which will be having potential to exceed 19000 levels

I am confident on my analysis. Hope I don’t use this plan B.