October 24, 2010

THE GOLDEN CROSS OF S&P 500

THE GOLDEN CROSS - DAILY CHART
CHART FOR THE BULLS
CHART FOR THE BEARS

  • Daily chart has confirmed the  GOLDEN CROSS in SPX. 
  • 2nd chart shows how price is moving up and maintaining a steady distance from the 20 DMA. The golden cross will give good results if Bulls manage to keep the price above 20 DMA.
  • Last chart shows how the correction happened in weekly chart. Near 1200 we had a PIN BAR reversal candle followed by BEARISH ENGULFING (not a perfect one). We are yet to see some of those bearish candles yet. So till then the medium term will look bullish.
  • GOOGLE WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
  • CRASH OF THE US DOLLAR

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3 comments:

  1. Nifty101October 24, 2010 at 10:52 PM

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  2. SanOctober 25, 2010 at 12:36 AM

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  3. Nifty101October 25, 2010 at 6:46 AM

    Thanks Anoop.

    I'll try re installation as you have suggested.

    ReplyDelete

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