voltaire,
I'm of the belief that the liquidity situation in Oz is throwing many technicals and cycle analysis out of whack at the moment. I know from first hand sources that the future fund is buying up big, super money from the pre 30 June deadline is still buying shares, plus there are still massive corporate share buy-backs. At the end of the day it probably just delays what should be happening now.
tuesdays tape , page-133
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