Australia: ASX 200 falls

By Colin Twiggs
November 13th, 2012 2:30 a.m. ET (6:30 p.m. AET)

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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.

ASX 200 Index

* Target calculation: 4450 + ( 4450 - 4000 ) = 4900

A 21-day Twiggs Money Flow peak below zero on the daily chart reflects medium-term selling pressure.

ASX 200 Index


If you can't convince them, confuse them.

~ Harry S. Truman