Aussie Index (SPI) 19 Feb 2011 Weekly

SPI monthly and Weekly

Whilst the market remains above 4883, there is a trend bias to continue higher, and move towards 5093 by the 2nd Quarter.

At this stage the Australian market is following the trend within the Weekly ranges in
an orderly manner.

There will be levels within the daily range (not shown above) that will provide random resistance points of 21 to 42 points

However, unless the market is trading below 4883, then I can't see too much weakness in the short-term.