ASX Morning call 9 OCT, page-33

It really needs some back tracking to find some more sellers. Punters would have jumped on the index short this morning thinking its going to 3000 in the next few days and will have stops above todays high which is 6088 currently. I would expect the big boys to go for them take them out and find some liquidity to push lower. What I am really hoping is get up there hit some stops and push to 6102 and load up again. Its also possible with Sep contracts over short positions are building again in the index so stock holders can protect their fixed income earning stocks. The strategy costs 5% a month but they just love doing it. See what happens.