Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, January 12, 2012

S&P500 12th January 2012

 Daily Chart

 An Inside pattern formed with high at 1296 and low at 1281.The pattern indicates hesitation and could be signalling a reversal/stalling of the uptrend.Stochastics is already in a negative divergence to price.So the pattern has higher chances of breaking it's low at 1281.

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Happy Trading !!
Lakshmi Ramachandran

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