Sunday, December 03, 2006

invitation to debate

invitation to debate bse oil and gas index please enlarge the chart.
it has taken the largest correction compared to previous correction the previous bull wave.
pull back occured after the large correction now just falling short of previous high.(pull back seldom fails when bear wave starts)
taken resistance at radium number.
forming lower tops which indicates weakness.
forming a wedge pattern or an ending diagonal or a failed fifth of elliot
now.
and long term trend lines is cut.
indicating weakness
please comment and discuss and debate.
humbly yours
shreeyantratraders
krishnapvm

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