Tuesday, August 4, 2009
STRONG MOMENTUM TIRING OUT...
First weekly target of Nf 4738 almost achieved. Now, the next level to watch is NF 4779-4840 as by that time we will be overbought in hourly charts. For today, the pivot is NF 4682-4686 for target 4747-4759 and resistance around 4779-4786... support now has moved up to 4641-4649. With this move we will retrace 61.8% of the total fall.
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