January 22, 2009 – Gains pared…

Fri, Jan 23, 2009

ASX Commentary

AWE pushed higher, as did BHP, both of which contributed to some giving back of open profits. STO dropped helping us out a little. No new positions were opened but the AWE stop is close by. The broader market is still in the midst of a wave-(4) bounce from our perspective but it needs to confirm it very quickly. If so we could see some decent strength over the coming weeks, but we’ll be relying on the US to get us underway. Until this period of choppiness is resolved we’re more than likely going to sit back and watch.

Here’s the latest account statement:

Click to enlarge

Click to enlarge

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This post was written by:

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


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