A daily report on the Australian Stock market and selected Australian stocks.
Wednesday, January 27, 2010
Initial Comments, 28/01/2010
Here's an updated chart of the XAO from yesterday. The market remains within the uptrending channel and is currently consolidating at the lows in a fashion similar to the October 09 low.
How the market breaks from this consolidation will probably determine short and medium term direction.
At this stage there is no way of knowing. We'll let the market show us the way.
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