Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, July 19, 2011

S&P500 19th July 2011

 Daily Chart

 The Inside Day pattern's magic succumbed to the more supreme weekly bearishness.Support found at the 61.8% fibo level of rise from 1258 to 1356.50 dema whipsaw continues with the close below it once again.

 Daily Chart II

Chart II shows the down leg of the triangle may continue with important support at 1261.Fall below this level could give a 100 point fall.

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Happy Trading !!
Lakshmi Ramachandran

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