S&P is at 782, DOW 7400+, so close to November low. Bulls need to do something other than the rosary beeds.
I will be out of office and may not do another intraday post. It should be an easy play from here.
S&P 500 – May 15, 2012
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Bottom Line: Long term trend is up. Mid-term trend is down. Short-term
trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is
Strong Decli...
1 year ago
Posts
2 comments:
Hi Piazzi,
S&P's intra movements are quite similar to our own nifty and we trended up around this time today. Hopefully with your help, we head higher in tomorrow's opening trade.And I feel that is where it should end before the next drop happens.
Best regards
ilango
Hi llango,
Just came back to the office, and lo and behold, S&P finished around 780.
I'd like to see what bubble heads of bubble channel call this, retest? basing? consolidation? value line?
Let's see how nifty is your nifty tomorrow,
My Best,
piazzi
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