Saturday, December 31, 2011

Swing update (Dec 31)

LONG TERM----- (As per monthly charts) ----
· Last swing high is at 5400 and swing low is at 4728.
· The trend is down and the termination level is at 5400.
MEDIUM TERM----- (As per weekly charts) ----
· Last swing high is at 4801 and swing low is at 4531.
· The trend is down and the termination level is at 4801.
SHORT TERM----- (As per daily charts) ----
· Last swing high is at 4801 and swing low is at 4693.
· The trend is down and the termination level is at 4801.
· The targets are 4650, 4625, 4600.

HAPPY NEW YEAR TO ALL OF YOU