27 October 2009 – Weakness developing

ASX Commentary

27 October 2009 – Weakness developing

Wed, Oct 28, 2009

The warning signs have been showing for the last week and it now appears that the market is perhaps intent on taking a deeper breather. Our expectations of this has been discussed in depth in the recent ASX-200 (XJO) review as well as the US Index reviews, namely the Dow Jones. Other markets are also showing themselves to follow the same patterns, i.e. Gold weakening and on the verge of invalidating its ongoing bull move. The US Dollar and VIX index trying to push higher. Be prepared for more equity market weakness.

0saves

Save

If you enjoyed this post, please consider leaving a comment or subscribe to our newsletter and receive a free sample of our analysis each week.

This post was written by:

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

Contact the author

Facebook comments:

Latest Share Trading Articles

The Hidden Strengths of Volume Analysis (part 2) September 19, 2010
In the last article I discussed two examples of how and why volume can show the changing face of supply and demand. When the order of supply and demand is change we will get a change in market direction, sometimes a significant change in trend or otherwise some degree of retracement of the prior move. [...]The Hidden Strengths of Volume Analysis (part 2) is […]
The Hidden Strengths of Volume Analysis (part 1) September 19, 2010
The power of correct volume analysis cannot be overlooked. Unfortunately the ability to read volume correctly is not readily discussed or freely available. Off-the-cuff remarks such as, “increased volume on advances is bullish and increased volume on declines is bearish” are bantered around but that’s as far as it goes. The correct use and application [...]T […]
The Psychology of Trading September 19, 2010
The most important part of investing and trading is psychology. Investing is a constant struggle where the battleground is not the market or advice given but comes from within you. You will face stress over losses, you will be in turmoil in deciding to enter or exit a position and it will place many demands [...]The Psychology of Trading is a post from: Shar […]