The ASX 200 is falling sharply despite strong performance from China. Breach of the rising trendline (around 5400) would indicate a correction to test the primary trendline around 5000. The support level is indistinct because of frequent back-filling and could establish anywhere between 5300 and 5450. Reversal of 13-week Twiggs Money Flow below zero after a bearish divergence warns of strong selling pressure. Respect of support at the secondary trendline is therefore unlikely.

1. ASX selling pressure
By Colin Twiggs
September 15th, 2014 4:00 a.m. EDT (6:00 p.m. AEST)
Advice herein is provided for the general information of readers and does not have regard to any particular person's
investment objectives, financial situation or needs. Accordingly, no reader should act on the basis of any information
contained herein without first having consulted a suitably qualified financial advisor.
The ASX 200 is falling sharply despite strong performance from China. Breach of the rising trendline (around 5400)
would indicate a correction to test the primary trendline around 5000. The support level is indistinct because of
frequent back-filling and could establish anywhere between 5300 and 5450. Reversal of 13-week Twiggs Money Flow
below zero after a bearish divergence warns of strong selling pressure. Respect of support at the secondary trendline
is therefore unlikely.
* Target calculation: 5650 + ( 5650 - 5450 ) = 5850
The ASX 200 VIX is rising, but low levels remain typical of a bull market.

2. Dow Jones Shanghai Index continues to make strong gains since commencing a primary up-trend, but expect further
resistance between 310 and 315, at the 2013 high.