August 28 2009 – New Setups

ASX Commentary

August 28 2009 – New Setups

Fri, Aug 28, 2009

A number of new setups tonight most of which are momentum based. Also, in tonights ASX-200 (XJO) review I’ve taken a closer look at the comparisons of the current advance off the March lows to that of 2003 which are number of brokers are quoting. Its an interesting story, albeit one I’m not entirely convinced of. As you’ll see I’m more than happy to be proven incorrect and for once like to see the Brokers correct on their assessments. Even though a number of new setups have popped up it does not take away the various divergences across global markets. As always, trade carefully regardless of how strongly you feel about this current strength.

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This post was written by:

Nick Radge - who has written 898 posts on The Chartist.

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