Friday, March 4, 2011

Bullish View on the SPI for Coming week

The following chart shows a bullish view for the SPI based on teh conjecture of price being in a 5 wave hrly uptrend from the most recent low.

 Mondays on the Aussie market can be a pain as there seems to be a bit of seeking for US and European markets to take direction so the day/cash open may be a pain...

Intraday stuff will apply then, or... maybe not even trade it.

i still hold longs accumulated around the lows.

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