Tuesday, October 4, 2011

Most Global Indices Technically Breakdown

DJIA, SP500, SSEC have broken their earlier lows created in the trading range and have closed below these crucial levels. Only DAX has not done so. Hence - now if we are to move down, which probability says we should --- then we should see a confirmation of the price action.
Incase we close back into the trading range for indices -- it would mean that the action of yesterday was a bear trap and shorts would have to be required to be closed. 







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