SPI Daily 9th October 2008 recap

"Just like yesterday's 4491, today's 4343 is the trend guide.

No probability on direction:- below and it's following the 5-day pattern lower, & above and it's trying to move back into the 5-day 50%


Heading down into the Yearly lows @ 4232.


NOTE:- CBA has been suspended for the past 2 days based on it's take over of bank west. CBA could open around $39.00 or less, which can effect the market today, and obviously drag the financial Index lower"


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SPI Daily and 5-day pattern 17:00

There was on probability on today's direction, with Thursday moving either side of 4343, and a late sell down into the close.



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