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Thursday, January 23, 2014

ASX 200 back below the 15 MA


Well I have not been posting too much these days because I was waiting for clear direction and I think we have it now. The ASX 200 daily made a false break but the MACD on the weekly was down so that made me have an overall bearish outlook which was correct. The China PMI was a miss which cause this large red candle today. Now we see if it forms a lower low.



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