PRICE AND TURNOVER
Close: 2,512.72
Change: -23.19(-0.91%)
Value: 1,905,388,000
MARKET BREADTH
Net Advancing Issues: -18
Net Up Volume: -5,057,230
Net Foreign Buying: -12,160,383
TRENDS
* UNDEFINED PRIMARY TREND | Declining wave | Prior support 2034 | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Directional wave | Prior support 2289 | Prior resistance 2903
* SHORT TERM PROVISIONAL UPTREND | Directional wave| Prior support 2372 | Prior resistance 2507 BROKEN
CHART WATCH
* Higher support at 2372 (7/16/2008) qualifies for a provisional short term uptrend.
* Today's break of 2507 resistance (7/9/2008) corroborates the provisional uptrend.
* For now, the provisional minor uptrend is viewed as a correction to the intermediate trend and is considered likely to find resistance at or near the intermediate trendline i.e. 2600.
* Continue to sell on rallies.
Close: 2,512.72
Change: -23.19(-0.91%)
Value: 1,905,388,000
MARKET BREADTH
Net Advancing Issues: -18
Net Up Volume: -5,057,230
Net Foreign Buying: -12,160,383
TRENDS
* UNDEFINED PRIMARY TREND | Declining wave | Prior support 2034 | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Directional wave | Prior support 2289 | Prior resistance 2903
* SHORT TERM PROVISIONAL UPTREND | Directional wave| Prior support 2372 | Prior resistance 2507 BROKEN
CHART WATCH
* Higher support at 2372 (7/16/2008) qualifies for a provisional short term uptrend.
* Today's break of 2507 resistance (7/9/2008) corroborates the provisional uptrend.
* For now, the provisional minor uptrend is viewed as a correction to the intermediate trend and is considered likely to find resistance at or near the intermediate trendline i.e. 2600.
* Continue to sell on rallies.
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