Sunday, June 27, 2010

Nearing the Top AGAIN!

Sensex

Cycle analysis indicates a top is near. Please beware Cycle analysis does not gurantee a down move but only price confirmation does. It does provide time sensitivity to the analysis. Timing the market is becoming increasingly important given the sideways direction and TIME is the most difficult parameter to predict. Cycle analysis does provide some highlight on TIME
William %R as shown is providing a very good indication of Trending or a Trading range market
Past 6-7 months William %R shows Trading range market
A movement tween -60 and -90 will indicate a strong downward trending market
Wait for 17100 levels to be taken out. A further negative confirmation of bigger move down will be obtained below 16500!

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