Monday, May 17, 2010

Ready for BIG MOVE! Happened: Sensex moved down after 2 days as predicted!

Sensex
Explanation
We said in our previous blog: "Expect some type of consolidation in next 1 to 2 days before this current minuette rally is over and then prices start moving down in major trend"
Happened: Prices did consolidate on 12th and 13th and then started moving down impulsively
On Sensex 16700 represented crucial level which is now taken out as I write this. The down move is for sure a 5 wave structure now and get ready for BIG MOVES on downside!
First target
/ support now comes in at around 15900

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