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Thursday, July 24, 2008

Island Reversal


I see that on the 5 min chart there is an Island reversal pattern formed and thus there are good amount of chances that nifty would go down from here.I am not very good TA but trying hard every day to study something. I have not read on this topic throughly so not very sure of it giving the desired result, but still a try. Actually the Gaps on bot side are not of equal size thus i am worried weather it will go down or not, otherwise i guess 3950 should surely come. lets see how it turns out , i'll try to read more on this topic and also try to take advice from some one who is good at the topic. ...till then good bye happy trading ...chow(ciao)

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