Thursday, June 16, 2011

Equity markets looming over bear phase


SnP 500 is on the thin red line of 200dma. Technically a close below 200 DMA will ensure prolonged correction and a bear market in near future. So next few days or weeks will determine where are we headed for the future. last few of my post suggest that there may be deep correction in the offing.now the question is what will trigger that, will it be greece or euro default or insane commodity prices, or maybe anemic growth.

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