Monday, March 19, 2012

Retracement still On. Still Hope on Bulls


IHS failed. But still Hope on Bulls. sw(2) seems to be retracing 78.6% on sw(1) which is exactly today low 5239.Also ongoing sw(2)(c) is alomost doing 161.8% of sw(2)(a) which is 5225 as marked on chart. These two supports may give boost to Bulls tomorrow, ELSE these counts gets Negated and should follow the Alternative Count for continuation of sw(4).
Lets wait and See