WORLD MARKET UPDATE- 28 JULY 2011WORLD INDEX TECHNICAL ANALYSIS

28/7/11	FTSE 100	Dow Jones	S&P500	Nasdaq 100	Gold
R3	6,022.97	12,707.7	1,351.67	2,470.32	1,645.8
R2	5,967.51	12,572.6	1,336.08	2,435.93	1,635.6
R1	5,912.04	12,437.6	1,320.48	2,401.55	1,625.3
PIVOT	5,876.54	12,363.6	1,311.99	2,381.83	1,617.4
S1	5,821.07	12,228.6	1,296.39	2,347.45	1,607.1
S2	5,785.57	12,154.6	1,287.90	2,327.73	1,599.2
S3	5,730.10	12,019.6	1,272.30	2,293.35	1,588.9

FTSE 100:

FTSE 100OPENED BELOW 5,876.54 AND SUSTAIN,SHOWING THE SIGN OF  BEAR RALLY IF FTSE SUSTAIN BELOW 5,821.07  FALL UP TO 5,730.10 IS NOT RULED OUT.

DOW JONES:

DOW JONESIF OPEN ABOVE 12,363.6 AND SUSTAIN THEN TRY TO TOUCH 12,437.6, BUT IF SUSTAIN BELOW 12,228.6 THEN PANIC RALLY UP TO 12,154-12019LEVEL IS NOT RULED OUT.