Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, December 14, 2010

S&P 500 update --14th December 2010

Daily Chart

The trade was in a very small range of 6 points with a bullish beginning which soon gave way to selling forming a shooting star with a close at yesterday's levels. The inverse head and shoulders target was however achieved .If the selling continues today then a short term top may have been made.

The rising wedge has resistance at 1266 and support at 1200.


Happy Trading !!
Lakshmi Ramachandran

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