SPI Trading 18th July 2008 recap

"Support 4903....last 44 point range from yesterday needs to complete to move into Friday's trading, as it's still defined by Thursday's levels.

Below 4903 expectation move to move down 44 points, and a move down into 4826 is not out of the question.

4826 support..."

Today's reports


SPI Daily and 5-day pattern

SPI dragged down by BHP, and played out the usually rejection patterns within the 5-day levels using the proprietary filter channels on Friday.


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