| Weekly Trend: | Neutral | |
| Daily Trend: | Up | |
| Daily Momentum: | ___ | Up |
The ASX put in an inside day after yesterday surge higher, but as per our alert this morning we hold concerns that recent strength can be maintained. The market opened on its high and closed on its lows but volume was on the light side. The bearish pattern showing will confirm on a break back through 4480 basis the All Ordinaries Index. If we see that occur on increased volume and downside momentum then we should expect that larger decline to transpire. If we meander through that area on low volume and without pace then we could be looking at an elongated correction. Let’s see what the US has installed for us again tonight – always a new adventure.
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