Thursday, July 3, 2014

History Repeats Itself

Can you find the similarity between two tops one made in 2010 and other in making.
Both the top (taking privilege to call current top, though confirmation pending) started developing after sudden upmove in short period. Then started story of 14 candles as follows

Morning start develops with bull candles slightly lower than bear candles it followed by
Four to five down candles which ends on expiry day October 28, 2010 (Thursday) and June 26, 2014
Then developed "Bullish Homing Pigeon Candlestick" which followed by
Three to four gap up candles

Bears are waiting for a "Bearish Engulfing" or "Evening Star". This wait might be little longer than it appears as Modi government will present it's interim  Budget on July 10.

2010 set up was built was October 14 and ended on October 8 (Monday) This time it has started on June 11 and should end on July 10