External News & Commentary, page-502

Hi valknut. The most significant thing here to note, and what I was bringing the attention of the forum is not about whether or not I'm right.

Completely unassociated to my personal sentiment is the fact that no one can argue with charting and trading data that has already happened.

The beautiful bases x2 have already formed.

The cup with handle shape has already formed.

The corrections x2 and support consolidations have already formed. The alert of '8-Week Hold' has already formed.

The '8-wk Hold' alert is an indicator that Institutions extremely rarely veer away from. It takes an unprecedented event for them to do so. So right now this 8-wk hold alert is a foregone conclusion and it's why we're seeing strong support at anything above 26-26.5c.

I urge others to look up the investing terms, "8 week hold pattern" and "beautiful base" to appreciate how strong of a bit signal they are if and when they occur after a cup with handle formation on the charts.

"8-week hold" term doesn't mean air on the shares, it indicates to buy and hold because a 3rd 8-week rally period is due. Within that period institutions go strictly by the book (see supporting literature that will quite this strategy for you, in info about "8-week holds") and they strictlyignore small 10% fluctuations.

When they all strategise in the same fashion the rally plays out accordingly, which makes it a very interesting situation for any stock to be engaged in.

Hence all in all my post about this is not investing advice or a personal forecast. It is completely about quoting a well known formation that has engulfed INR and what it means to institutions according to the text book response to it.

Everybody should do their own research about the terms I've shared and make their own minds up about the significance of INR having developed the patterns on their charts already over the last month or so.