Today the ASX200 index traded in a range of 4865.60 at it's low to 4905.80 at it's high before closing at 4868.20.
Today the long position in the index was held with no turnover.
There is a new way to search for Jobs in Australia.
Search Tags: ASX Trading, Trading the ASX
Wednesday, January 20, 2010
Tuesday, January 19, 2010
Commentary on 19th January 2010 trading session
Today at the close the ASX200 is at the low for the day of 4861.20.
This was after opening strongly and hitting a high of 4930.
In another good sign index found support and provided further buying opportunities at 4873.4 and infact the close below the level is further affirmation of pending strength in the market which is expected to see it rise to 4955 for now.
When looking for Jobs in Australia go to www.jobshere.com.au.
Search Tags: ASX Trading, Trading the ASX
This was after opening strongly and hitting a high of 4930.
In another good sign index found support and provided further buying opportunities at 4873.4 and infact the close below the level is further affirmation of pending strength in the market which is expected to see it rise to 4955 for now.
When looking for Jobs in Australia go to www.jobshere.com.au.
Search Tags: ASX Trading, Trading the ASX
Trading Alert
Good time to add to long positions with the ASX200 trading down in the 4860's.
The expectation is for at least a move up to 4955 for now.
Jobs in Australia
Search Tags: ASX Trading, Trading the ASX
The expectation is for at least a move up to 4955 for now.
Jobs in Australia
Search Tags: ASX Trading, Trading the ASX
Monday, January 18, 2010
Commentary on 18th January 2010 trading session.
Today's trading session provided was with opportunity to add to the long position.
The ASX200 index traded to a low of 4865.60 and then rebounded and bounded into positive territory hitting a high of 4917.10 and finally closing in positive territory at 4911.10.
Finally at the end of session position is long the index with current expectation of a rise to 4955.
Jobs in Australia are found using the preceeding link.
Search Tags: ASX Trading, Trading the ASX
The ASX200 index traded to a low of 4865.60 and then rebounded and bounded into positive territory hitting a high of 4917.10 and finally closing in positive territory at 4911.10.
Finally at the end of session position is long the index with current expectation of a rise to 4955.
Jobs in Australia are found using the preceeding link.
Search Tags: ASX Trading, Trading the ASX
Friday, January 15, 2010
Commentary on 15th January 2010
Okay today the ASX200 index closed up 1.60 points to 4899.60 after a late rally.
Today there was an opportunity to add to the long positions at prices of 4874 and lower for the pending move up to 4955.
So at the end of the day the long is looking good for the move up to 4955.
When looking for Jobs in Australia, where do you go? Click on the link to find out.
Search Tags: ASX Trading, Trading the ASX
Today there was an opportunity to add to the long positions at prices of 4874 and lower for the pending move up to 4955.
So at the end of the day the long is looking good for the move up to 4955.
When looking for Jobs in Australia, where do you go? Click on the link to find out.
Search Tags: ASX Trading, Trading the ASX
Thursday, January 14, 2010
Commentary on 14th January 2010
Good Afternoon Traders.
So today the ASX200 index rose to 4898 up 29.90 points thought it had been as high as 4920.50.
So the current position is long the index for a move up to 4955.
So today it was just a hold of the position.
Find Jobs is Australia here.
So today the ASX200 index rose to 4898 up 29.90 points thought it had been as high as 4920.50.
So the current position is long the index for a move up to 4955.
So today it was just a hold of the position.
Find Jobs is Australia here.
Wednesday, January 13, 2010
Trading update for the last three days
Sorry for missing a couple of days trading commentaries, I have no valid excuse.
Now things are starting to happen with ASX200 index.
Today the 4881 sell executed, but the index should move back up and retest the 4955.1 recent high before rolling over to weaken all the way to below 4654.
So right now the position is long the ASX200 index to sell out at 4955.1 when it is retested.
When looking for jobs in Australia - Jobshere is the name.
Now things are starting to happen with ASX200 index.
Today the 4881 sell executed, but the index should move back up and retest the 4955.1 recent high before rolling over to weaken all the way to below 4654.
So right now the position is long the ASX200 index to sell out at 4955.1 when it is retested.
When looking for jobs in Australia - Jobshere is the name.
Friday, January 8, 2010
Commentary on 8th January 2010
Today the ASX200 index closed up at 4912.10 after opening strongly and reaching a high of 4938.10.
There is nothing to report on the trading front, nothing happend, nothing executed.
Have a great weekend.
Will You be looking for Jobs in Australia over the weekend?
There is nothing to report on the trading front, nothing happend, nothing executed.
Have a great weekend.
Will You be looking for Jobs in Australia over the weekend?
Thursday, January 7, 2010
Commentary for 7th January 2010
Today the ASX200 index closed down 22 points to 4899.40 after opening higher at 4921.4 and trading up to a high of 4938.10 and a low of 4898.9.
In terms of trading the index, the countertrend rally has not exhausted as yet but there is no indication of it moving substantially higher from this point if at all.
We are still waiting for confirmation.
Are you looking for Jobs in Australia ?
In terms of trading the index, the countertrend rally has not exhausted as yet but there is no indication of it moving substantially higher from this point if at all.
We are still waiting for confirmation.
Are you looking for Jobs in Australia ?
Wednesday, January 6, 2010
Commentary on 6th January 2010
Today the ASX200 index opened strongly and has traded above and below the previous close.
However I can't say where it closed as the ASX indices stopped updating after 3:53pm.
The current position is that there is an established short at 4637 and recently a countertrend long position taken at 4646 was closed out at 4881.
There is doubt as the whether the countertrend has exhausted or will continue to progress to 5220.6.
As the trading sessions progress the bias is towards the countertrend exhausting at 4881 and the short positon is resumed but it is not convincing enough to establish the short position again.
Now updating the progress of Jobshere. It has been a slow start. So for Jobs in Australia please go to www.jobshere.com.au.
However I can't say where it closed as the ASX indices stopped updating after 3:53pm.
The current position is that there is an established short at 4637 and recently a countertrend long position taken at 4646 was closed out at 4881.
There is doubt as the whether the countertrend has exhausted or will continue to progress to 5220.6.
As the trading sessions progress the bias is towards the countertrend exhausting at 4881 and the short positon is resumed but it is not convincing enough to establish the short position again.
Now updating the progress of Jobshere. It has been a slow start. So for Jobs in Australia please go to www.jobshere.com.au.
Tuesday, January 5, 2010
Commentary on 5th January
Today the ASX200 continued to move higher to 4924.30.
This might suggest that it could move to the 5220.6 price that is being expected.
However today the view of what is happening is getting clearer and what could happen is the sell at 4881 executing, given the index has closed higher and this would then require the index to fall below 4646.
This is a protrend sell execution that is it is in line with major trend with the ASX200 selling at 4637 resistance.
It is more likely that this is the case.
Let's see what happens tomorrow.
Remember the name Jobshere for Jobs in Australia.
This might suggest that it could move to the 5220.6 price that is being expected.
However today the view of what is happening is getting clearer and what could happen is the sell at 4881 executing, given the index has closed higher and this would then require the index to fall below 4646.
This is a protrend sell execution that is it is in line with major trend with the ASX200 selling at 4637 resistance.
It is more likely that this is the case.
Let's see what happens tomorrow.
Remember the name Jobshere for Jobs in Australia.
Monday, January 4, 2010
Commentary for 4th January 2010
Alright now, there is confusion so best to take profits and see what happens.
There is uncertainty as to whether or not an indicator was triggered to suggest that ASX200 rally will extend to 5220.6.
There is a 50% chance either way. The coming sessions will reveal the right move to have taken today and that knowledge can be applied when the same situation arises in the future.
So for now close out the countertrend long position at 4881 as planned and stay out of the market until an understanding of the scenario that played out today is established.
Looking for Jobs in Australia.
There is uncertainty as to whether or not an indicator was triggered to suggest that ASX200 rally will extend to 5220.6.
There is a 50% chance either way. The coming sessions will reveal the right move to have taken today and that knowledge can be applied when the same situation arises in the future.
So for now close out the countertrend long position at 4881 as planned and stay out of the market until an understanding of the scenario that played out today is established.
Looking for Jobs in Australia.
Trading Update
Trading begins for 2010.
This morning the ASX200 executed another buy which extends the expected countertrend rally to 5220.6.
This is important because until this morning the expectation was for the rally to end at 4881.
Due the execution of the buy at 4873.6 which is the high price for the index on Thursday 31st December 2009, the rally is expected to extend to 5220.6.
Looking for Jobs in Australia.
This morning the ASX200 executed another buy which extends the expected countertrend rally to 5220.6.
This is important because until this morning the expectation was for the rally to end at 4881.
Due the execution of the buy at 4873.6 which is the high price for the index on Thursday 31st December 2009, the rally is expected to extend to 5220.6.
Looking for Jobs in Australia.
Friday, January 1, 2010
New Year musings
It's a new year but it's a psychological game. The energy will fizzle out after a couple of weeks and we will all be in search of new sources of inspiration.
Thankfully for traders we will just have to wait for the market to open again in a couple of days time on Monday.
Now with the new year people think of change, taking on a new challenge in the form of a new job/career. So if you are in Australia there is a new destination for Jobs in Australia and that is Jobshere . Go there and register in order to receive updates as the site builds up and becomes substantial. You can tell your grandkids you were there at the start as I will be in time.
Thank You and see you tomorrow with some additional wisdom and a plug for Jobshere.
Thankfully for traders we will just have to wait for the market to open again in a couple of days time on Monday.
Now with the new year people think of change, taking on a new challenge in the form of a new job/career. So if you are in Australia there is a new destination for Jobs in Australia and that is Jobshere . Go there and register in order to receive updates as the site builds up and becomes substantial. You can tell your grandkids you were there at the start as I will be in time.
Thank You and see you tomorrow with some additional wisdom and a plug for Jobshere.
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