Tuesday, October 14, 2008

Profit making and taking still to come...

That rally was really faded (sold off) this morning. Despite the pullback, I expect this bounce to continue till around the 1070 level, where we will probably see a lot of resistance (graph courtesy of ibc)

Of course if this rally doesn't sustain itself up to 1070 the next support levels appear to be at the 970, 940 and 915. Lets see what happens.

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