Feb 10 2010

Wed, Feb 10, 2010

ASX Commentary

Weekly Trend: Down
Daily Trend: Down
Daily Momentum: ___ Down

We promised some new setups were developing and today all 5  come online. The trend are down and we had a very weak close today so as you can imagine we’re staying with the short side trades. There is still Type-A Bullish divergence but these weak closes are certainly a concern. One of the major features of todays setups were the many that popped in the kast few days to fill gaps and then close weak today. All signs of trend continuation. I have also listed several with two entry levels depending if you’d like to be a little more aggressive or not. The choice is yours.

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This post was written by:

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


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