daytrading june 5 pre-market, page-8

the media coverage of this recent pullback is really starting to annoy me, seriously when did a 78pt pullback on the XJO deserve to be the leading news story accross the board last night.

the media is trying to incite panic when there is clearly none around at the moment, any experienced trader can see the need for a cautious approach but there certainly hasn't been the bloodbath that many news agencies would have to believe.

also very frustrated at their reporting on todays interest rate decision, they have got the public opinion so focused that the pitchforks will come out if the RBA don't give them a 50bp cut, and then they wonder why consumer confidence is shot.


in terms of trading today, i'm more than happy to sit back cashed up and see how things play out, there is not the volatility around to warrant an entry yet.