XJO 0.40% 7,982.4 s&p/asx 200

post election and short cover rally monday, page-11

  1. 5,316 Posts.
    Hi P,

    I think sycom is more than fully factored in for our market on Monday and I will not go long at that level and matter of fact I'll probably looking for a short scalp here and there as I think base metals are still looking weak and Dow low volume up day means nothing. Banks will have some bargain buying but subprime fear and talk of rate hike from banks to cover the credit tightness issue are going to keep our market at bay.
 
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