thursday trading, page-26

Treggs, monthly unemployment figures do not bear analysing. They are based totally on polling, like opinion polls, with inbuilt statistical errors, and anyone who has worked one hour in the month is deemed to have been employed.

All that counts is the final headline result: unemployment up, or down.

Interest rates: if you read the RBA comments there are many contradictions behind their decision. And it won't be the first time they have got it wrong -- if it's wrong.

But something had to be done about runaway house prices. Unfortunately, in addressing that problem the fallout of higher rates will hit everything else including businesses and their capacity to employ.

Here's the XJO double top: It's actually a nice-looking chart