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September 15th, 2010

Wed, Sep 15, 2010

ASX Commentary

Weekly Trend: Up
Daily Trend: Up
Daily Momentum: ___ Up

A change of momentum today produced by Japan. The BOJ intervened in the Yen and gave Asian idices a jump higher, also dragging Australia up with it. This coupled with recent positive news out of China continues to keep the market bouyant and as stressed over the last few sessions there is no reason to not be long nor consider short trades. I am now 100% invested in all my ASX portfolios. I’ll allow the market Gods to do what they need to do from here.

About the Author:

Nick Radge has over 25 years’ experience in the financial markets. He is Head of Research & Trading at The Chartist, manages money using active management strategies and consults to various financial planning, stock broking and accountancy firms. He can be found on Facebook, Google + and on Twitter.

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