The following weekly candlestick chart shows the long Upper Shadow that I tweeted about, on the rightmost Shooting Star candlestick. Note also that the market has made a false break above the October high. The Shooting Star candlestick is a bearish set-up, which requires confirmation from the next candle. In this case the after hours market decline makes it a certainty that the bearish set-up will be confirmed during next week's ASX trade.
The next chart illustrates the end of week after hours trading closing level, set against the range bound trade of the past few months. The market is on the cusp of returning below the resistance zone that has capped most market activity since August 2011.
The final chart puts all the above in context. The ASX 200 is in a long term bear market, trading within a clearly defined down trend channel.