Tuesday, November 15, 2011

Doing same in an unusual way!

From last 3 days we have seen bearish signals from MACD. Know I am eager to say that I have spotted a reversal. As you all know I am a great follower of Bollinger Band, and band turning into good supports and resistances.  Even the Parabolic SAR had conformed a long bearish run. Yet I am confident to say that I am eager to see reversal. I hope market will show good support according to fib levels as I have shown in the figure. I am also eager to see how MA are going to work. Normally 20d and 100d are not a good combinations yet I am willing to try something “New”….