ASI - Traders must see this

In my last post I expected the ASI to pull back to 5914 and 5858 points. It pulled back to 5920, then trended up to the expected highs between 6100 and 6200. This aggressive up move within a short period has its negative effects for sure. Fridays (2nd of November) behaviour confirmed this. Although it hit a high of 6168 points, closed below the Thursdays close. Long upper wick and a close below the days open, by all means is a bearish formation. This may end up with a swing high formation for which we have to see how the Market behave on Monday. Traders must be careful. Preferably should watch the morning session before getting into any position. I must also  say that the bullish trend coming from the positive sentiments in and around the market will certainly help the traders who will watch the pull backs well. Let me whole heartedly wish the traders good luck, as they had to face a major blow in their trading activities for a long period of time.

Short term Support Areas : 6066, 6057 and 6007.
Counters that must be watched for pull backs : AEL. TKYO, COMB, JKH,SAMP, MGT and LLUB.