Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, February 7, 2011

S&P 500 update --7th February 2011

 Weekly Chart

 Rising wedge forming  with resistance at 1335 and support at 1155. Good support at 1227. Till this holds the cup and handle pattern target of  1774 is valid. The pattern was shown in my post on 6th December 2010 . You may read it here

Daily Chart

The uptrend is intact. Support at 1275 and Resistance at 1320. 

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Happy Trading !!
Lakshmi Ramachandran

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