Tuesday, August 10, 2010

MARKET

STOP LOSS LEVELS

SHORT TERM 18118/5431

MEDIUM TERM 17395/5210

LONG TERM  15960/4796

SO FAR WE ARE OBSERVING HIGHER LOWS AND HIGHER HIGHS.BE CAUTIOUS IN LONG POSITIONS.

ON WEAKNESS IN EURO US DOLLAR INDEX IS SHOWING STRNGTH AFTER TESTING APPRX 80  ZONE.DAILY CHARTS ARE 

SHOWING +VE DIVERGENCE AND PRICE IS ALSO SHOWING +VE ACTION. STRENGTH IN US DOLLAR INDEX MAY BRING 

WEAKNESS IN EQUITY MARKETS.


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