SPI Daily 4th February 2009 recap

I'm bearish on the SPI:- a higher open and trading below 3470 would favour lower prices.

dowside target 3388

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SPI Weekly and 5-day pattern

As per Yesterday's report and today's report, once below the 5-day 50% level @ 3469 the view was for a continuation downward.

This follows my view of lower prices this week, with the potential of moving down towards February's lows over the next two weeks.


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