daytrading june 8 morning, page-97

MemeFx, not entirely sure why BHP/RIO were going against the trend, but seems the rest of the market is now rebounding with them also AUD rebounding off their lows, perhaps just a trading house putting some decent sized bets in the currency/commodity markets but not direct equity exposure.


CG, for whatever reason we haven't had the normal panic when there have been so many troublesome headlines, the pullback has been orderly/rational which is strange, it indicates the bigger players are happy to look past near term risk events and make assumptions that Europe will just muddle through like it has for the last 2yrs.

in terms of China it could go either way now it depends how bad the economic numbers get, weighed up against the likelyhood of further stimulus.


in terms of trading our markets, in an ideal world we would get a fear/panic driven selloff and test say around the 3860 level on the XJO and then bounce which would provide some good medium term entry points.

I just don't see much point daytrading at the moment because the volume/volatility in the spec end of town is simply not there making it almost impossible to take decent sized positions and get in and out within one trading session.