daytrading july 2 afternoon, page-76

Hi Paddington

enjoyed your summary on xjo today

AXMM is on my trading package. it clearly shows where our market sits. asx may be holding 4100 but stocks we generally trade are sitting down at 3200.

asx has fallen from 5000 to 4100. axmm has fallen from 5000 to 3200 as apetite for risk has disappeared on our market.

can google it. here is a general link on yahoo

http://au.finance.yahoo.com/q?s=%5EAXMM


gain of 1.2% today which is slightly less than gains in canada on friday night

gap up today on it


very hard to trade australian small caps against that headwind over the last year


canada also interesting to compare to asx. our falls are worse.
in meantime would love to see gap filled this week and then some volume next week to move it higher for once and all. cant see much headway until our mining and carbon taxes are factored in one way or the other by the market.

i follow the spx for a guide on the asx but our mining stocks have just kept on falling.

it will change. today could be it but will need a few weeks to confirm one way or other