Sensex for 3-jan-2011

Sensex moves into clear channel, with 4 positive days and 3 green days.
Longterm ichimoku is positive in Price above cloud, TS, KS and CS above price and cloud.
Neutral with positive bias in TS attempting the cloud top.
Negativity will reduce when the upward hooking KS moves into, and then out of the cloud.
Future cloud turned bearish with thin spread.
Shortterm Ichimoku is in positive zone, with price above TS above KS all above Cloud,
and CS above price, with future cloud move to widening bullishness.
EMAs are in positive order, all hooking up.
Daily candles, ever since the double touching the 144dema, maintain positive bias
in 3 up, 1 or more sideways moves.
This may make a few days sideways possible after the 4 higherhigh higherlow days.
Oscillator is in overbought, losing relevance by continuity.
ATR fall shows lack of volatility.

The Weekly chart shows upward bias, with 2 corrections, each time supported at 38% or 50%.
It is positive sign.

Monthly chart shows positive trend again.
The green candles dominate reds by 2 : 1.
The move has maintained above 5month Low EMA, almost supported at EMAs, and closes above the High EMA.
Fibonacci levels are well above the 78%, making the recent high within reach, and a new high a possibility.
Would it move to 124% at 22407 and if so, when ...
Or, will it be folding back to another consolidation at 19020 18374 17727 ...