| Weekly Trend: | Up | |
| Daily Trend: | Up | |
| Daily Momentum: | ___ | Up |
We missed out on a few developing breakouts today today, namely CSL and CTX – both of which we’ve spoken of in recent reviews. They just didn’t quite fit the criteria. Another that is very close, and yet to break, is TPI. The market is approaching an important level between 4800 and 4850. Ir price zips through this level with some force then perhaps the immediate down turn we’ve been looking for is not the correct analysis and that 5000, the January highs, will come under threat. Some broader US indices have already broken through the January highs, so these are good signals of strength. That said, tonight is US employment data which tends to be a market moving event. Apart from volatility I’m wondering if it can set direction?
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Sun, Mar 7, 2010
ASX Commentary