Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, August 18, 2011

S&P500 18th August 2011

 Daily Chart

A high wave candle showing confusion .This shows the rally from 1101 may be petering out.The 50 and 200 dema have signalled the death cross which is ominous. As mentioned earlier reacting from the 38.2% fibo level indicates continuation of the downtrend.

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Happy Trading !!
Lakshmi Ramachandran

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