Nifty
I have been experimenting with andrews pitchfork strategy. attached is todays 30 min chart.
today's close has reached median line of AP drawn from 2/06/10.
also - ve divergence in CCI .So expect a drop till atleast 5140.Will wait to see tomorrow's action to unfold.
There is a Three Indian Soldiers pattern - which Linda Bradsky mentioned in street smarts book - in this chart.A long rise - peak and two more peaks is normally followed by a swift fall.Will it work out tommorrow??
Kavima
I have been experimenting with andrews pitchfork strategy. attached is todays 30 min chart.
today's close has reached median line of AP drawn from 2/06/10.
also - ve divergence in CCI .So expect a drop till atleast 5140.Will wait to see tomorrow's action to unfold.
There is a Three Indian Soldiers pattern - which Linda Bradsky mentioned in street smarts book - in this chart.A long rise - peak and two more peaks is normally followed by a swift fall.Will it work out tommorrow??
Kavima
Attachments
-
51.7 KB Views: 800
Last edited: