21 October 2009 – A few trades around…

Wed, Oct 21, 2009

ASX Commentary

I have added 3 more opportunities to the Discretionary setups but there are a few others as well that don’t quite fit the liquidity bill, FXL is one that comes to mind and is a favorite of mine. ERJ and PMV are also coiling with some bullish connotations. The market is moving back and forth in a tight range, in fact one can almost call the last weeks action a micro triangle. However, its still at a stretched state so caution should be taken.

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Nick Radge - who has written 899 posts on The Chartist.


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