Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, November 22, 2010

S&P 500 update --22nd November, 2010

 Daily Chart

Firday trading formed an Inside Day pattern showing indecision , since neither the high nor low of the previous day could be conquered. The positve is that the breakout from the short term down trendline was maintained and good support came in at the low of 1189.

The head and shoulder bearish pattern formation is still in progress. Keep a watch on this pattern till the earlier high of 1227 is taken out.

Happy Trading !!
Lakshmi Ramachandran

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