| Weekly Trend: | Down |
|
| Daily Trend: | Up |
|
| Daily Momentum: | ___ | Up |
The market is at a point of indecision. The weekly trend remains down, but daily trend and momentum are up, albeit just. We’re either seeing the market attempting to establish a new upward trend or we’re close to seeing a reversal, just like we have seen so many times over the last 8-months. We’re certainly in a very over-bought situation in the near term so caution is required.
Similar stock trading tips:
- July 14 2010 Weekly Trend: Down Daily Trend: Up Daily Momentum: ___ Up...
- Feb 24 2010 Weekly Trend: Flat Daily Trend: Flat Daily Momentum: ___ Up...
- 16th June 2010 Weekly Trend: Neutral Daily Trend: Up Daily Momentum: ___ Up...
- Feb 2 2010 Weekly Trend: __ Flat Daily Trend: Down Daily Momentum: Down...
- ASX into possible reversal zone… Monday March 8th 2010 Weekly Trend: Up Daily Trend: Up...
Fri, Jul 16, 2010
ASX Commentary