July 21, 2013

  • GOOGLE Daily chart shows price Testing 20 Day SMA. Price has to sustain above 20 SMA for resuming the up move.
  • For bears price needs to sustain below the trend line shown in last chart, Sustaining below this line may resume the fall.
  • For a bigger fall price has to break and close below 50 Day SMA.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore