Friday, February 5, 2010

When is this correction going to end… maybe within February

 

Look at this interesting chart of two totally different countries India & US… they both have a wave pattern and both are looking for completing the wave on the exact same date which happen to be 23rd February. So I expect this correction to complete by the end of February but expect some very ruthless shorting to complete the overall correction.

 

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I would continue to ride shorts unless market touch down to those target lines… falling down.

I have my positional Nifty & DOW short call running from levels of 5275 & 10680 respectively..

 

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-Member Dhanvarsha Group