April 16, 2007

preparing the 17th of April trading session

AUTO & RELATED
Today I bought 1000 CMP at 1.44 based on the previous day's research. I told you that It will break the 1.4 resistance. Go CMP !

BANKS
- BCC
- still fighting with 0.62 resistance
- BRD - tremendous day (+5.19) The resistance at 2.2 was broken and also the RSI downtrend was broken.

SIFS
- SIF 5 -
looks like a double bottom

- SIF2 tried to break the 3.12 resistance. It went up to 3.17 but couldn't hold the price level and came back at 3.12. Along with the decrease of open interest and the volume downtrend I hope a reversal of trend is near. Have a look at the market in depth and look at the 4:1 ratio between sell orders and buy orders.
SIF23.12001.6 %
4/16/2007 15:20
nrobcant bidpret bidpret askcant asknroa
225,8003.12003.130017,8001
835,9003.11003.140056,9004
6112,2003.10003.1500114,5004
440,0003.09003.1600170,0004
13,3003.08003.170044,70011
12,5003.07003.1800107,40012
34,8003.06003.1900203,8008
610,3003.05003.2000281,90020
656,7003.04003.2100212,0002
551,9003.03003.2200106,0002
42343,400

1,315,00068