Thanks NC +Rep to you ...NC wrote:Pethi, when market doesn't respect to news/announcements is a one good way to know about the sentiment.
Talking about LIOC; dont worry still the market flow is positive (long and mid term). If you notice since from beginning this year LIOC was overbought, so this down most be a correction and will last for a short period.
However, as you said the sym triangle is not still not break. all technical ways I did, it need to hit 41 -42 and retest 40 ; I think that's the sweets spot of LIOC, and be patience.
As at today, (8/8/14)
Res: 50, 44, 40
Sup: 38, 34
I also encourage SLEF members to use Rep +/- to appreciate, thank for their posts .....