Hurst Cycles Trading Software - Accurately Forecast Nifty and Stock Cycles

Monday, July 14, 2008

Rangebound...For NOW...

3 lines (and a bearish flag) defining the market now..It needs to breakout or down to begin some moves...




US market action today looked like it was hammering out a bottom...Todays lows will be very important.


In our mkt, some stocks interesting on the long side are asian electronics and selan exp...Check it out...
General market looks rangebound only...Either the flag needs to breakdown conclusively and target 3850 and lower toward 3620 area...OR we need to breakout above 4220 and rocket upward...Market might be waiting to see the results of the govt confidence motion...If govt does not fall, we can see a rocket move upward...However this wave is turning out to be quite difficult to play...Play the lines as shown above.
Best.

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