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Tuesday 4 February 2014

DOW touches second Opera House support and 200MA

DOW touches second Opera House support (the 2 vertical lines that I wrote on the chart) and 200MA.  There might be a rebound/retracement.  Having say that, watch out the ADP report on Wednesday and Non-Farm employment change plus unemployment rate numbers which to be release on Friday.
STI broke as what I predicted 3000.  Next support at the 3 descending parallel lines that I drew, around 2960 to the November 2012 support 2930.

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