SPI 10th November 2008 recap

"As per Weekly report:- This week is either going back towards the Weekly highs, or heading down towards the November lows. Therefore the direction of the market should be clearly defined by using the 5-day levels and 5-day filters.

Monday:- random resistance 4173

Random support 4118"

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SPI Weekly and 5-day pattern

Monday consolidating trading day, with Financial stocks pulling the market down today, but the critical level on any downtrend has held strong @ 4118....

Whether that holds tomorrow is dependant on US markets on Monday..

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