5 November 2009 – Downside bias continues

Thu, Nov 5, 2009

ASX Commentary

The down trend continues and is being supported by the ongoing divergence in the US between the Dow Jones Industrials and Transports. Significant economic data will be released tomorrow night in the US which will cement the near term direction. During this early trend stage we’re still happy to stand aside but I note there are some shorting opportunities now forming. We’ll be posting these as they come along.

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


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