April 21 2009 – Continuing to chop

ASX Commentary

April 21 2009 – Continuing to chop

Wed, Apr 22, 2009

Trading US equities remains a frustrating chore. It seems the majority of breakouts are unwilling to establish sustainable trends. Yes, one or two will, which invariably is what’s keeping our nose in front, but to suggest the market is currently easy to trade on an EOD basis is a little over the top. Nonetheless we will persevere – experience shows we have a positive expectancy over the longre term so its just a matter of sticking to our plan.

The Model Account has 1 long position in TXRH. Here is the current price action:

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This post was written by:

Nick Radge - who has written 894 posts on The Chartist.

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