September 8, 2015

Market outlook

- trend is down on daily charts
- wave counts indicate 5th wave may end (8100 to 7500).
- weekly charts show markets at trendline / channel support
- above possibly led to a sharp rally today
- too early to call this as trend reversal
- most likely we will see relief rally or a technical pullback
- fall from 8600 to current levels likely to get corrected
- this means a rally of 300 to 500 points from recent lows

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