Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, October 21, 2011

S&P500 21st October 2011

 Daily Chart

Confusion about the direction led to an expanding triangle.This in turn led to indecision forming an equilateral triangle.It has very nearly formed a diamond  which is a continuation pattern.So looks like a potential double top in the making or a continuation of the short term uptrend?

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Happy Trading !!
Lakshmi Ramachandran

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