December 17, 2008

17-12-08

This is for education purpose only and may not be useful for trading

Bearish engulfing bar - inability to hold above 2950 will imply weakness in markets.
We also have a possible C wave failure (ending diagonal) in hourly charts....this did trap many people on the short side where the 5th wave crossed the 1-3 line.
Let us see how things pan out.

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