Tuesday, June 16, 2009

Crucial to decide the fate of market direction!

STI has rebounded from the 50% retracement between 2095 and 2424 during the intraday, and close slightly below the 38.2% support turn resistance of 2298.

Dow is lying on MA200 support line.

A number of stocks have broken the main support trends whereas some had formed potential morning star formations and hammers.

Tonite, Dow is going to decide the direction of the market for the next few days!

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