This story is about the Bull, the Bear and for a change the wolf. Normally the markets are associated with the two terms ie BULLs and BEARs but in certain technical setups a third player .....the WOLF makes guest appearance. Please click on the chart to see the WOLF WAVE setup. If the wolf wave theory is to be believed, with such a perfect wolf wave setup the index should have crashed last week as soon as it touched the upper resistance line and headed for sub 14500 levels in two/three weeks say by Diwali. But this time the Bull took on the wolf and moved above the resistance and at this point we said BULLS UP THE ANTE and the bull is not relenting. The bear is still waiting for the wolf to act and bull is likely to smother the wolf. So much for the wolf wave theory............... Is the bull likely to continue the rage - not likely, is the bull likely to gather some breath - most likely, is the wolf likely to act - make a guess. Please stand up we are in a BULL RUN ..............
No comments:
Post a Comment