Thursday, February 25, 2010

Nifty around 200 DEMA suggests weakness will continue

Market Technicals

·         Historical price action around 200 DEMA suggests weakness will continue.

·         Crucial weekly close ahead for global indices.

·         S&P flirts with key trend resistance, bearish H&S remains in place.

·         Nifty slower retracement continues into the 13th day.

·         FTSE and Hang Seng remain copybook bearish H&S.

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The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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