Wednesday, 6 July 2011
Melbourne, Australia
By Dan Denning


Dear Reader,

Murray has a new >Slipstream Trader update on his YouTube Channel.

He says if the ASX/200 closes below its 10-day moving average of 4,560, "be wary of the market falling over."

You heard it here first. Or will hear it, if you go watch his

The S&P 500 has rallied above its own Point of Control at 1320. Murray identifies a specific point — not far away at all — where he reckons you could see a reversal. Conversely, he shows that if the S&P breaks above 1370, it could signal a bullish move traders should respect. You can watch the http://clicks.portphillippublishing.net//t/AQ/AAYPvg/AAYcCA/AARJ-g/Aw/AgMlFg/NRzo" target="_blank">7:42 video here.

Regards,


Dan Denning
Publisher, The Daily Reckoning Australia