ASX 2.72% $82.56 asx limited

spi - market high 3253???

  1. 1,356 Posts.
    Date: Wed Oct 8, 2003 10:30 am
    Subject: SPI/Stocks

    SPI completes the first 50 minutes of trading closing abve 3231
    swing the cycle around, so both intraday cycles are now a 'BUY'.

    But looking at where the market is trading, I'm treating this early
    rise as a 'stalling day' and wait and see approach, until the
    buying support catches up.

    A break above 3236 and the next level upside will be 3253 and the 3-
    week Gann zones.

    Date: Wed Oct 8, 2003 1:19 pm
    Subject: SPI Arvo

    SPI coming into the 3-week Gann highs 3253.

    Now it will get interesting because if our market is going to sell
    off, 3253 should be the high on this 2 week reversal.

    A failure from here today, and our first reference will be down
    towards the 3-days lows at 3194.

    The 3rd day rally today after the 2-day stall has moved a lot
    quicker than I thought in early trading, but as soon as 3236 has
    broken the next level upwards is 3253 and it hasn't looked back.

    As per my weekends forum post, we will know who is leading our
    market, us or the 'US'.

    From: "amtrade_group"
    Date: Wed Oct 8, 2003 4:15 pm
    Subject: SPI 3253

    Anyone short from 3253 would like to see it move back under 3236 to
    feel comfortable on this high.

    I'm hoping it will be an important top in our market and heads lower.

    Nothing is confirmed as yet, because the day isn't complete and an
    up night in the US can send it higher than todays high.

    Lets see how shes goes...

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