Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, January 7, 2011

S&P 500 update --7th January 2011

 Daily Chart

It was a higher high and higher low but reeking of confused market players. The shrinking daily range supports this view. Negative divergences appearing, call for caution.

Supports at 1270-1254-1235    Resistance is at 1279-1292.

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Happy Trading !!
Lakshmi Ramachandran

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