Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, May 18, 2011

S&P 500 update 18th May 2011

Daily Chart

So the dow sell signal has been given with a close below 1329. The hammer like pattern formed by yesterday's candle could see some pull back. This is supported by a close above the 50 dema and the green support line of the decending triangle.

Resistance is at 1336 and support at 1318.

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Happy Trading !!
Lakshmi Ramachandran

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