Though that is not from Fibonacci or for the Fib series, some tormentors on virtual soot could very well push the case forit. However while immature shorting has scored a few gray areas out from the market maps n the last few weeks when it began, now traders who get scared by shorting could very well be losing a packet as intra-day movements are long range and compete a week's trend in half a session for all practical purposes pushed by paper thin volumes. There is a lot of downstream wind for the markets to rest lower and yesterday's move though decisive and covering a lot of the range down, do leave a lot of room for fresh Put purchases which also has o spread out from an overt concentration on Nifty. .Anywaya lot of us would still be praying for the secular up move to start away, while worried about purchasing that long long position we want. Buying should still be concentrated in smaller lot son the bigger scrips and I really do not see any value mid caps out there with banks and tv networks driving growth and not being really there on the exchanges. (Disclaimer: This author suffered from air shock when NDTV was listed and its over leveraged financials disclosed much later and still continues to consider himself a savvy investor, market maker and trader fit for any Global bank position in Trading, Marketing or Sales)

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