"Yes" is my answer. And it assumes an importance, in short term trading point of view, that Fridays close is a place to exit short calls. And today's up confirms that. I expect the market to go up on Monday also, a small retracement up to a minimum of 4800 levels and from there it might continue its downward journey again. All said and done, opinions are subject to change, you know -without prior notice :-))) Jk. Attached chart is not updated with todays data, but at Fridays close MACD cross over changed the bar into green which was short trade exit point. --- On Sat, 2/6/10, chockkalingamn <chockkalingamn@
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