EOD 3rd April 2012

Yet another day passes with the longs safe , applying 10 points filter .
Today with price action there is crossover of 5 day ma and 10 day ma , indicating further bullishness.

Day Fast macd which was about to enter the +ve zone , has done so today . Which we also call zero line crossover , indicating bullishness again .

moving averages suggests no weakness in prices ...nifty has closed well above 5 day ema .

 But I see -ve divergence in hour charts , also we are at the upper trend line ..which tells me to be cautious with the long positions .

Keeping my eyes on this setup , which is giving probablility of fast fall with 20 and 200 MAs on hour charts .