| Weekly Trend: | Neutral |
|
| Daily Trend: | Up |
|
| Daily Momentum: | ___ | Down |
The US markets struggled to hold gains into the close and because they are retesting recent highs I retain a very cautious outlook for the coming months. Our advanced technical view remains, that is we anticipate weakness through to end of October before a late rally into Christmas and through 2011. However, if strength over the last week persists and recent highs at 4600 basis the ASX are penetrated, it could be that our wanted correction will again be delayed. I feel the coming sessions will not offer a great deal with US options expiry this Friday, but then again the market always surprise.
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