SPI Daily Australian Stock Market 14th November 2011 Daily recap

the 5-day highs @ 4375 are seen as resistance...

and if the market is inside the Weekly level @ 4359 the trend bias is to once again rotate downward (random support 4333).

SPI Weekly and Daily cycles…
Positive news out of Italy overnight didn’t have a lasting effect, as price comes down from Monday’s highs @ 4375 and closes Friday's 'gap'


The Australian market remains within a consolidating pattern inside the Weekly levels.




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