Monday, August 27, 2007

Weekly Close in the Red

A quick update with some charts: This week we should be hitting the downward sloping resistance and from there begin a downward journey. This will be very crucial and should go onto test the lows we made a few weeks back.

At this point, we will not be buying this market but wait on the sidelines and see the market action in the pullback.

Dow:



Sensex:

at

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