Thursday, April 8, 2010

Short Term Reversal?

The Markets corrected today to close at 5304. This may be a short term reversal as the markets made a lower low and lower high after a long time and also closed below critical levels.

Supports are at 5245-5260

Resistances at 5328-5370

I am following an automated system of generating calls which is still at experimental stage. I am updating the signals at the top left hand corner in case anyone is interested in reading them.

I have been testing for 2 weeks and find that generally the signal give 50-100 points minimum.

US has also corrected yesterday. Time to be careful in the near term.

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