The weakness in the US night trading mentioned yesterday certainly flowed onto the day session in the US overnight. The Dow Jones closed down around 178 points or 1.44%. The Nasdaq lost 2.74% and the Dow Transports ended 3.8% lower. Our market having already declined over the previous couple of days settled somewhat today, the XJO closing down just 10.8 points. The XJO is now looking to test the theory of old resistance becoming support or a ‘change in polarity’ as it nears the zone around 4800. Today’s price action was enough for many of the discretionary trades to trigger stops and to see momentum turn down. Today also saw BTU stopped out of the ASX Systematic portfolio as one of the best trades since the model account was introduced. It closed with a 62% profit.