January 15, 2009 – Treading water

ASX Commentary

January 15, 2009 – Treading water

Fri, Jan 16, 2009

It’s one of those frustrating times in the market where a sustained trend is hard to come by and swing trading becomes difficult. It seems whatever we make in the ASX we give back the following evening in the US. We started switching from long to short a few sessions ago, added some more shorts last night, only to see the US reverse off major lows and rally hard into the close.

We reversed our BIIB position from long to short last night and also added MR as a new short. Both positions look precarious. Last nights executions

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And the account slipped yet again:

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This post was written by:

Nick Radge - who has written 899 posts on The Chartist.

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