Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, November 27, 2012

S&P500 27th November 2012

Daily Chart 

Yesterday I wrote  "The retracement has been exactly 50% of the fall from 1475 to 1343.This level normally leads to some pullback". The pullback did occur forming a hanging man which is a bearish reversal pattern.Trade and close above the highs of the candle is necessary to invalidate the bearishness.

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Happy Trading !!

Lakshmi Ramachandran

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