Sunday, August 9, 2009

07/08/2009 technical analysis

You can see the trendline, and the channel. I expect the market to correct itself to 950 after reaching 1060-1070.

Sure that, if there is some significant bad news, the correction can be sooner.But the trend is up, and th target is 1060-1070 which is the level I believe marking the end of the bear market rally.In case it is broken, i think we will have a sideways market for a while.

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