August 10 2009 – Losing momentum

Tue, Aug 11, 2009

ASX Commentary

Warning! Some Type-A Bearish divergence is developing here and coupled with todays very weak close does suggest we may be in for a longer pause with some immediate downside risk. I’ve been saying for the last week that this would be a healthy development but the trigger may be the reporting season jitters. Keep the risk under control and preferably new trade risk should be wound lower.

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This post was written by:

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


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