Jan 6th 2010

Wed, Jan 6, 2010

ASX Commentary

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

On the surface not a great deal happened today, but certain sectors did explod to the upside, namely iron ore and metals. FMG, AGO and MGX were notable standouts and all have just recently broken out of ascending triangle patterns which would have been useful for these pages. One or two others are making similar sounds, of which I have listed XXX today as a valid setup.

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


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