| Weekly Trend: | Flat | |
| Daily Trend: | Down | |
| Daily Momentum: | ___ | Up |
A good performance today on reasonable volume, especially since some weak economic data came out of China. Normally when we get a weak lead from China we tend to dip. In our full review of the ASX-200 (XJO) on Friday night we looked at the higher probability case for the local market to rally toward 4800 or so before rollowing over. Today was another good step in that direction. But mark my words; we’re still stuck in a broader trading range – the same one we’ve been in since September last year. Trading has been difficult and will remain difficult. Small ‘hit and run’ type profits are the best rather than looking for the longer swings.
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