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Aug 30

TECHNICAL ANALYSIS BY NSFX 30.08.2013

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High:  Low: 

The index could rebound just 20 points in 3 trading session from the demand line. This is not very optimistic for the gauge. Likely at this point a test at 1600, it would be less than a 10% correction from the historical high.  A consolidation above 1670 area is a prerequisite for another bullish wave.

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