| Weekly Trend: | Down | |
| Daily Trend: | Down | |
| Daily Momentum: | ___ | Down |
We had no Discretionary positions going into todays weakness. I will say one thing – the market performed admirably today. So much so I will be taking a close look at the ASX-200 (XJO) again tonight in the Chart Research area and making some comments accordingly. The daily and weekly trends are down meaning we have no reason to be looking at long positions, but my comments tonight may change that outlook. I will be watching how the trend develops in the coming week and we’ll start looking for new trades. If you are looking for some long side positions, check out AMP, MSL and IOF which all exhibit some good looking bullish triangles.
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Mon, Jan 25, 2010
ASX Commentary