Sunday, August 7, 2011
S&P500 Point & Figure (PnF) Analysis - Week 0808 - 120811
This Week's Nifty P&F Analysis is here.
S&P amdist lots of structural change technically has warned many things, however has not broken the last hope yet. Rather giving an opportunity to the global economy to avert the impending recession. A long-term support line from 860 level is still holding intact. I am looking at an optimistic scenario where it is possible for S&P to revert from this level and the world markets react to positivism!