Friday, October 31, 2008

TRIANGULAR PATTERN FORMATION..

Market opened with gap up but continued to trade in a range forming a triangular pattern. Lets see if we can start with a positive note post settlement. Range today is NF 2630 - 2750 with 2692 as pivot. Play the break out on either side with target NF 2510-2487 on downside and 2869-2925 as upper target.