Indian Charts: SnP 500

Monday, July 18, 2011

SnP 500

Nothings really BROKEN in the SnP500 till now . The LOWER trend line SUPPORT was violated just by a little bit around AUGUST END. Just before the BIG rally in September. The other THREE points have touched with EXACT ACCURACY .CLICK on the CHARTS for better VIEW.

The Upper Trend Line has also been very ACCURATE in STOPPING the SnP 500 . 1260 -1270 is IMPORTANT support . SnP looks it will rally ONE LAST time after this fall. I reccomend you BUY when the CCI(20) is TURNING from the oversold Line or from the OVERSOLD area below .

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Words of WISDOM

"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight."

---Jesse Livermore

"What beat me was not having brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favoured my play. There is the plain fool, who does the wrong thing at all times everywhere, but there is also the Wall Street fool, who thinks he must trade all the time. No man can have adequate reasons for buying or selling stocks daily – or sufficient knowledge to make his play an intelligent play."

--Jesse Livermore

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Monday, July 18, 2011

SnP 500

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