3 December 2009 – Consolidating

Thu, Dec 3, 2009

ASX Commentary

A quiet day whilst the market awaits Friday employment data out of the US. I have added a few more long trades but caution is still required until the Dow Transports break up and through resistance. There are also a few short trades around for those interested, but as they’re against the trend I won’t post them here. BBG, GBG and TAP all exhibit bearish flags. The market continues to mark time. My focus remains in the resource sector.

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


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