January 23 2009, New open equity highs…

ASX Commentary

January 23 2009, New open equity highs…

Sat, Jan 24, 2009

Thanks to plunging prices in BHP and STO we’ve managed to see the account jump well through the $54,000 for the first time. That said we have 2 full US trading sessions whereby anything can happen, and usually will. So, we don’t pin our hopes on one days price action because it can reverse just as much the next. We stay short BHP, STO and AWE. A new short trade has been recommended for clients come Tuesday should the markets continue lower.

Have a great long weekend.

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This post was written by:

Nick Radge - who has written 899 posts on The Chartist.

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