SPI Daily 5th October 2010 recap

"minor resistance 4631-37

Support 4572/73 (Weekly and daily lows)

My view is that the market is trying to go lower, but Tuesday can still be part of the 2nd day with upward bias


SPI Weekly and Daily range.

Early sell down into support levels and then a consolidating pattern above 4597

This resulted in a swing back towards the minor resistance levels @ 4631-37, after the interest rate news came out leaving them on hold.

Tuesday's pattern completes the 2nd day with an upward bias until it hit resistance.




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