Thursday, May 11, 2006

Nifty Update 11-May-2006

Had sent message on Nifty forming a small head and shoulder reveral.
Sooner after the right shoulder formed we saw a sharp fall which was contrary to expectations of many co-traders.

Click on image to expand.

Today during Trading hours MACD in 5 and 15 min systems showed large divergences and after the initial dump and rise the next sell signal was more powerful. Here is an update.

Updated image under.

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