Some people seem to be very happy about the movement. I strongly say that this is not a time to be so happy but to be careful and extra-vigilant. The short bear market resistance at 5900 level has been clearly broken by now. But there is a strong resistance area at 6450 -a550 range. (Orange circle)To break that we need big money. Still this is a retailer driven rally. If we get big money in coming weeks that resistance can be broken triggering a real bull run. For that we need above 2500 M daily turnover. Still we do not have such big money inflow.
So be careful. Wise men will know what to do.
Last edited by Stockmate on Fri Dec 23, 2011 1:59 pm; edited 1 time in total