4650 area was the target i was looking for . Looks like the FALL is going to end on Monday, after breaking 4600. Target for me is 4570.
http://markettechnicals-jonak.blogspot.com/2011/12/nifty-short-opportunity.html
But after that we are going to see a MASSIVE MASSIVE RALLY. The Santa rally everyones is praying for. The wolfe wave RED line is the target. Also the channel resistance whch wasn't touched last time could be touched. 200 DMA also at the same place. 5300 coming and it will be very fast.
http://markettechnicals-jonak.blogspot.com/2011/12/nifty-short-opportunity.html
But after that we are going to see a MASSIVE MASSIVE RALLY. The Santa rally everyones is praying for. The wolfe wave RED line is the target. Also the channel resistance whch wasn't touched last time could be touched. 200 DMA also at the same place. 5300 coming and it will be very fast.
The EUR\USD is all set to rise. Because zerohedge says the shorts are at record highs.
So , its holiday time and volume will be low. So I will settle for a EPIC short sqeeze rahter than 1.20 on EUR/USD.And as world markets correlates 100% with EUR/USD , the markets are going to EXPLODE higher.
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