Market Update

A quick one chart update from my side on where I think we are and where we are going...

First refer my fractal post made almost a month back -

http://theindianmarketblog.blogspot.com/2008/09/fractal-theory-building-case-for-next.html

And here my latest updates and thoughts on this chart...A follow up to above post...

Interesting times we are living in...

I will post a more detailed analysis tomorrow after watching todays action.

EDIT: Just to be clear here - I expect 4-5 days of upmove starting today maybe to the 4000 area and from there we should come back down to test the 3500-3600 area again...Possibly up to the 3300-3200 area BUT this will be a fantastic opportunity to buy some longer term positions...I will post follow ups tomorrow and also in a few days...

For now covered all shorts and flipped long...Very short term trade ONLY.

Best.