Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, August 4, 2011

S&P500 4th August 2011

 Daily Chart

A bullish candle showing support with a long lower shadow. The close was at the highs too.Resistance at the red uptrendline from March 2009 lows at 1272 and the red neckline at 1262 needs to be crossed for any consistent rally.

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Happy Trading !!
Lakshmi Ramachandran

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