September 1 2009 – Falling out of bed

ASX Commentary

September 1 2009 – Falling out of bed

Wed, Sep 2, 2009

I stated last night in the full S&P 500 review that the non-confirmation between the Dow Transports and Industrials rarely, if ever, lets us down. I stated all we needed was some price verification and we got that last night. There is now a reaosnably high chance that the markets are going to have some kind of sustainable corrective phase. Our Daily Trend filter has been flat for a few days but its now on the cusp of turning down. I have added a few short positions into the mix now and will continue to do so in the coming days, albeit warn that that a down trend has not yet been confirmed.

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

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