Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Test blog

Strating out a blog on Aussie marketDaily SPI: source Iress
50 day MA = 4855: 30 day MA=  4928.

Still above 200 day MA;

Interestingly market bounced off the 50% retracement of 4519- 5037 rally at 4778 during yesterdays trade.

Range today about 4812 - 4855 with danger to upside with a good ANZ report



Disclosure: No position