Dec 22, 2010

Sensex for 22-dec-2010

Sensex has closed above 20000,
broken above the Cyan channel, into the Blue channel.
Opened above 34dema and is now above all important EMAs.
5dema has moved above 20dema, and
20dema is moving above 50dema.
Longterm ichi, price has moved above KS, though still in the cloud. PA is above CS.
TS turning up near the cloud bottom.
Shortterm ichi turns positive with the price closing above the cloud, with support on TS.
KS may get support on cloud bottom.
Cloud in future is turning positive and expanding.

If this momentum is maintained, a clear base may be built for positive development.
Lets see.

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