Wednesday, 8 June 2011

Australia ASX200 heading for 4500


Weekly Pivot 4628 supports Bear move to 4478 by Monday 13 June with strong support at 4200 for a summer low in June/July, a further fall of 7% to give a total correction of 16% since the High of 4976 on Monday 11 April.

Trade Price Stop Target Low/High S1/R1 S2/R2
Buy 4480 4450 4600 4725 4680 4775
Sell 4575 4600 4480 4578 4533 4482

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