Sunday, July 29, 2012

BSE Sensex Short Term

The last head and shoulders pattern that i posted approximately a month ago did not work out, it was pretty obvious after the right shoulder got taken out. Its been pretty crazy out there, but i think the market gods finally spoke to me over the weekend.

I have 2 scenarios here:A and B in order of preference.


Just a reminder that the FOMC meetings will run from Tuesday to Wednesday, till the announcement, additionally the Europeans may add some market moving yet insignificant chatter to the mix..