Thursday, April 30, 2009

US Market

Yesterday Dow jones closed exactly at upper trendline of downward sloping channel,if it is able to breakout from this downward sloping channel it could see a big move of more than 2000 points with a target of 10379 which also comes out to be 50% retrachment of fall from 14280 to 6627.

S&P 500

Yesterday again s&p 500 faced resistence at 875 area where it faced resistence earlier 3 times.

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