Friday, February 5, 2010

Ready to fall off the cliff!


As we said, an impulse down has started!
We expect volatility to drastically increase as prices move down
The market structure looks extremely weak with recent corrective wave failing to reach even 38.2% levels
Rally in last 4 days are clinging to the lower boundary of ending diagonal which is acting as a very strong resistance level
First support should now come in at 15400 - 15500 levels
Please be prepared as there is a good chance of prices moving down very fast!

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