Monday, February 8, 2010

Simillar Action


S&P500

NiftyBoth S&P500 and nifty made good up move from days lows, even though nifty made a doji but S&P500 made a bullish hammer, all this coupled with positive divergence indicate that we are headed higher.
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2 comments:

  1. manojagFebruary 8, 2010 at 8:26 PM

    Renu,
    Have been following your posts.Always look forward to see them.What if s&p closes in the red.Do we follow suit?
    best

    ReplyDelete
  2. RenuFebruary 9, 2010 at 8:49 AM

    Hi manoj,

    As we have seen this fall has been more on global worries than domestic thing so we are going to follow suit sooner or later.

    ReplyDelete

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