Friday, October 16, 2009

16th October Friday





Profit 160 Points Overbought & Oversold System
Profit 150 Points MTP Manual DP System

Unlike yesterday we did not have an intraday double top but the 2 min chart catched the reversal perfectly.

Looking forward to see higher prices till the close or in case we see prices below 5760 we might get a full house sale down to 5680 level.

The price action after the 9.55 am news event broke the 5760 level, at the moment it looks like the market stalls so maybe in the afternoon or early monday morning we go down to 5680...

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