Nifty Page: EOD 25.1.2013

What a day !!!!
As I opened the TV today morning --- I watch it only to find out which result would be declared (so that I can remain away from that stock ), the sullen faces of anchors ( as if some of their near & dear ones has expired) and the sell calls got me worried.
"-- mar gaye!!!" -- I exclaimed
'-- kya hua ??-- my wife asked-- aap to kehte the ki aap TV follow nahi karte---"
"--- arey aaj bazaar ko tootne nahi denge, janta se short karwa ke uljhaa denge ---"

and now she was telling me on dinner table-- "aap theek keh rahe the jee!! aaj to inhone bazaar girne hi nahi diya-- aapne kucch kamaaya kya???""--
I just shrugged and smiled ----

How could I tell her that I could not initiate a single trade as going long seemed illogical and dangerous and negative divergence never appeared as we kept on crossing one channel after other on 5 min charts--- and the day ended without any trade getting initiated.

         I had started the day with following chart

and then

                                        

And it was only towards the close that the first hint of negative divergence on testing of a channel was noticed 

However,the price-point then was suggesting that the EW pattern which we had sent to the background yesterday had come to the forefront:

and that--- updated on today's chart looks like:

So why not wait for Monday to short --- above 6101 and as close to 6120 as possible--- provided the negative divergence illustrated in the chart above persists--.