| Slide no.10 talks about three following Possibilities. Perhaps, we are in the second possibility at this point of time. • From here we might fall to 4925 first, if 5050 breaks. Otherwise we can go to 5170 and then fall towards 4925 zone. • Then again an up move towards 5250, if 4925 holds and then the major fall to 4500. • After that we might see the massive rally towards the Jan 2008 highs I find this PP presentation as an interpretation to my yesterday's post "Negative divergence?" Markets might now move to the Red trend line which might be around 5250 as mentioned in the slide, whereas MACD would rise only around 90 or lower than the previous peak. One has to observe the value of the blue uptrend line, when the market touches the red trend line. If the market slides down from there and breaks the blue uptrend line, MACD negative divergence would come into play, then as thought of in the slide show; market could test 4500 or even lower levels. Well, these are just my thoughts when I look at both the chart and the pp slides. Regards, Jayakrishnan. --- On Sat, 11/14/09, Balaji Jayaraman <bctbalaji@gmail.
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