Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, March 30, 2012

S&P500 30th March 2012

 Daily Chart

With another lower high lower low candle the very short term trend is down.Yesterday's candle is a hanging man, which is a bearish candle,  provided today is a down day..  If we have an UP day today  then we rechristen it as a hammer which is a bullish candle reversal pattern.The key is yesterday's low.Breaking it is bearish and holding it bullish.

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Happy Trading !!
Lakshmi Ramachandran

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