Wednesday, 9 November 2011

Throw over complete on ASX 200

Hourly chart including after hours trade, with the same trend channel that I showed this morning. With the weekly trend firmly down, and the daily chart action broadly sideways since August, the completed hourly chart throw over could (could) morph in to a resumption and acceleration of the weekly chart down trend.

ASX 200 set to open higher

After hours trading is currently at 4340, up from Tuesday's ASX close of 4294. Hourly chart shown today.