Jan 11th 2009

Mon, Jan 11, 2010

ASX Commentary

Weekly Trend: Up
Daily Trend: Up
Daily Momentum: ___ Up

The market continues to push higher in a more relaxed manner. The more relaxed it is the better the strength can be sustained. The 5200 target we’ve been discussing for some time is now coming to fruition, slowly but surely. I mentioned in the most recent ASX-200 (XJO) review that we could extend a little higher than that in the near term. Momentum is certainly chugging along. I also mentioned last week that numerous more setups were building. Tonight we add another 5 to the Discretionary portfolio.

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This post was written by:

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


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