Okay so today the ASX200 traded lower closing at 4833.3.
Just to recap that the index is expected to rise above 4881 and then fall through a trapdoor at the 4881 level as the trend position is that the index established a resistance point at 4637 and is now trading counter to that.
Today was a do nothing day, however given that the trading of the index has only been going for less than a month, it began on 3rd December there are only a handful of key price levels established to trade around.
The longer the index is traded and observed the more price points that will be established and hence there will be more frequent trading.
As can be seen there are advertising on this blog placed by Google as I have signed up for Adsense. If anything interests please click ahead. I am not in a position to make any personal recommendations.
I trade shares online through E*Trade Stockbroking and CFD's through CMC Markets.
Just a final note my friend has started a new jobsite in Australia. It's called Jobshere
It will be all about Jobs in Australia.
It's in startup phase and will grow quickly in 2010 and all your support at this early stage will be much appreciated.
Till tomorrow, all the best.
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