Thursday, October 18, 2007

19th Oct doesnt look good!

Tomorrow is 19th Oct and on the charts it seems that correction is heading on this day.This post is being made after today's market close,although i was a little lazy in posting this news 2-3days back, as i did the analysis around that time, but still i think it could be of some use to those late exiters.
According to Fibonacci Time extension, I have tried to find out the nearest or next lowest low which could be made in the coming future and on which date, the date came out to be 19th Oct, which is surprisingly tomorrow and is a friday, and logically 22nd Oct is the date on which a political news is awaited, and 22nd Oct is a monday,nobody likes uncertainity and same is market,no one wants to keep stocks at home when a very important news is going to come on 22nd Oct,therfore Friday 19th Oct,which is tomorrow is an important day to exit from the market, if some good news comes out or a rumour comes out tomorrow, then things can change and a huge rally is also possible, so tomorrow is an important day to watch out.

Personally, my view says that we should exit at these levels.

1 comment:

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