Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, October 19, 2011

S&P500 19th October 2011

 Daily Chart

 A confused market clearly ! A bullish engulfing candle and an Outside Day which may be potential reversal signals.Resistance at 200 dema and Support at 50 dema ! Keep a tight stop at the 50dema for longs.

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Happy Trading !!
Lakshmi Ramachandran

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