Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, March 24, 2011

S&P 500 update --24th March 2011

 Daily Chart

The upmove from 1249 is well chanelled  proving it's corrective nature. Such moves normally abort at the 50%  fibo retracement  level where it is hesitating since the last three days or  at the 61.8% fibo level which is at 1308. Any move above this would be bullish .

Support is at 1291.

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Happy Trading !!
Lakshmi Ramachandran

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