Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, February 1, 2012

S&P500 1st January 2012

 Daily Chart

 Hesitation at the strong resistance from the downtrendline from 1370 as shown by the six small bodied candles.Since the uptrend is already a month old chances of a correction are more.The overbought oscillators and break down from the red rising wedge support this view.

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Happy Trading !!
Lakshmi Ramachandran

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