hisah wrote:NSE July close @3733. I expect a slide to 3700 or 3690, then a pickup. That would form a hammer candle pattern, which would hint to a bullish pickup. This is what I'm looking for in August. If the index falls thru 3600, all fast trade bets off!
There is the looming aud 2012 invinsible foot, i'd expect the curve to flat out at 3600 for at least 12 more months before the bullish hint, that's assuming the bear pressure doesn't further creep on investors willing to cut their losses before amagedion and allow the index to seeve to sub 3500...my 2 cents
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