SPI Daily 10th November 2010 recap

support levels @ 4741-44 match the spiral filter @ 4744

This is going to provide a 21 point up swing back into the 5-day 50% level, and then we look for a swing back towards 4786-89,

Below 4744 and the market looks to be moving back towards the daily lows on Wednesday @ 4698,




SPI Weekly and Daily range


Early support @ 4744 provided a 21 point up move on Wednesday, as per morning report

However, support failed after lunch and the Australian market moved
back into a rotation pattern down into Wednesday's lows @ 4698:- random support

Looks like more consolidation in the 4th Quarter (above 4582).



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