July 17 2009 – A quiet end

ASX Commentary

July 17 2009 – A quiet end

Sat, Jul 18, 2009

A quiet close to the week as the market posted a tight range albeit with a weak close. The now important hurdle of 4078 is within striking distance but I would suggest todays pause had more to do with some position squaring after this weeks surge and ahead of the weekend. Next week will begin anew but can the market keep it going? or will we reverse back into that long drawn out range again? I don’t have the answer but as has been stated over the last week, the fact that the US is posting these gains as earnings season unfolds is a positive sign. We can only go with the flow which is currently up.

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

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