Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, September 21, 2011

S&P500 21st September 2011

 Daily Chart

A shooting star at resistance of the 50 dema makes the scene bearish.The long upper shadow shows a strong bear camp at those levels of around 1220. Unless decisively crosses above this level this could be a "return failure" and the last move within the bear flag could be forming.

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Happy Trading !!
Lakshmi Ramachandran

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