Feb 4 2010

Thu, Feb 4, 2010

ASX Commentary

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

Well, that small gap we discussed yesterday was filled today as expected. There is not a great deal more to say. The trends are all down. The 2-day rally has been stifled, at least for the moment. major support stands at 4500 and we’re awaiting important economic data out of the US tomorrow evening which will more than likely set the tone for the next move.

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This post was written by:

Nick Radge - who has written 894 posts on The Chartist.


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