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July 30, 2007



From 0830 this morning the ASX-premarket should have been bright red, but wasnt. SPI200 stops should have gone off at 0950 but didnt. So there are no longs left in the market. They're all out. Heavy SPI200 selling set in at 6040, the prop-traders premarket target. They defended their 15 point stop location at 6055 easily. South now unless they can get through 6055.

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