Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, July 6, 2012

S&P500 6th July 2012

 Daily Chart

 A bearish harami was formed today. A harami is a black candle inside the previous day's white candle occuring when the stock is in an uptrend. This essentially tells us that the buying has stopped. Confirmation is seeing the next day open weaker.With the stochastics in overbought region the possibility of a pullback increases.

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Happy Trading !!

Lakshmi Ramachandran

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