- The rally that happened after the death cross ends at the 200 DMA
- The index closes more than 2% below its 50 and 200 DMA's
- The next support will be 10000 below that the index will test at least 9900 in the short term
- Some drama has to play out if the index has to go above 50 and 200 DMA's in a hurry.
- THE ABOVE CHANNEL BREAK POSSIBILITY WAS SHOWN IN YESTERDAY'S END OF DAY ANALYSIS
July 17, 2010
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