Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, September 13, 2011

S&P500 13th September 2011

 Daily Chart

Four points on the bear flag.This is sufficient for the completion of the pattern. So either a leg up is pending , in which case the resistance line will be tested again which will be around 1235 or the breakdown from the support line around 1137 takes place. If  a breakdown takes place we have a bear flag target of 892 as the post measures 247 points !

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Happy Trading !!
Lakshmi Ramachandran

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