Breakup of the channel.... typical. And besides this breakup of this channel the other indexes, namely XLF and IWM reveal weekness... Market holding because of ge´s and ibm´s? I am calling the top here.
Long USDCAD, Short EURUSD and other indexes...
Week Ahead: NIFTY May Stay Tentative; Look For Stocks With Strong Relative
Strength
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The week that went by was in stark contrast to the week before that, as the
markets remained in an extremely narrow range before closing with modest
gains....
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