daytrades september 08 morning ..., page-78

big move up last 2 weeks
The rise in the AUS$ was the key for me. yesterday the fall in the $AUS coincided with a fall in basemetal prices
which was the signal to sell some.

last night saw dow fall but base metal prices rose again. AUS$ heading up again. target remains at 92c then a surge to 94c.

bullish potential is still there so will wait for next big move. up or down doesnt matter.

sadly for our market and also for Oz the mining tax will take another 6 months or so to resolve with all Henry tax recommendations up for review.

in meantime back to scalping my favourites.

JML is holding up today. hoping it will pullback again. clearly on the up but nice trading the lulls.

good luck all