The $BANK traded lower today as the markets began the trading day lower. The open is 1578.04 and the high of the day is 1591.70. The low of the day is very near the open at 1570.54...(undoubtedly due to the near market buying). The closing candle is an inside spinner type candle closely related to a bearish harami (that's an inside joke). The fib retracement is slightly above the 38.2% (1532.06) area. Intermediate support was found at the 8 sma (1572.76) and the 50 sma (1574.57) as they meet. The close of the day (1590.99) is near yesterday's close (1591.46) as resistance near the top of the trading channel is nearby as well.
http://stockcharts.com/h-sc/ui?s=$BANK&p=D&yr=0&mn=6&dy=0&id=p43569477360&a=143335942&listNum=1 http://www.freetradingvideos.com/vlog/default.asp?category=1 Date: Wed, 22 Jul 2009 22:33:34 +0530 Subject: {GS} The Theory of Moving Averages From: [email protected] The Theory of Moving Averages Regards SK Request to kindly visit my site Visit: www.website.ws/realinvestor/show The power of teaming. Build your own business _________________________________________________________________ NEW mobile Hotmail. Optimized for YOUR phone. Click here. http://windowslive.com/Mobile?ocid=TXT_TAGLM_WL_CS_MB_new_hotmail_072009 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
