SPI Daily Australian Stock Market 6th December 2011 Daily recap

Below 4319-29 and the trend bias is down, as part of a 2-day reversal pattern.

First target is 4280 and as low as 4262 (84 points down from yesterday’s highs)

SPI Weekly and Daily cycles

 Below the Weekly level @ 4319, and the market completes the 84 point range @ 4262.

As part of a 2-day reversal pattern, and which US markets could follow....

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