Australia: ASX 200 falls
By Colin Twiggs
November 13th, 2012 2:30 a.m. ET (6:30 p.m. AET)
The ASX 200 broke support level at 4400, warning of a correction. Respect of medium-term support at 4250 would suggest another primary advance, while a test of primary support at 4000 would indicate an aimless market.
* Target calculation: 4450 + ( 4450 - 4000 ) = 4900
A 21-day Twiggs Money Flow peak below zero on the daily chart reflects medium-term selling pressure.
If you can't convince them, confuse them.
~ Harry S. Truman