share price, page-109

Wall St is throwing tantrum to Fed because there is no QE3. Simple as that. Using Chinese trade data as excuse is complete bogus. China is still consuming strongly and we should be glad it is transforming into domestically consuming nation.

I thought miners would be alright given May imports on ore and crude were stable. copper down 3% though but it's nothing for month-to-month fluctuation. The news is chinese are emptying their warehouses and they'll ve to restock soon.

Shanghai composite recovered very strongly and closed above 2700 support only after our market closed - as if they had been thinking let's screw up Aussies. I take it as a good sign and Shanghai is due for a bounce but depend on Tuesday CPI and PPI.

All those slowing global growth been partly blamed on High oil prices and Saudi announced they'd pump more in July last night and oil tanked. For the 2nd half of the year, that should be welcomed as it will slow inflation and sustain growth especially in US.

Technically, S&P500 will test 200moving average around 1250 and should bounce from it. So, be prepared for another 20pt drop. After that, we should at least have 50% retracement of the fall. US is actually catching up ASIA selloff. They only hit 7% drop last night.

Next wk calendar is fully packed. Closely watched NY and Philadelphia manufacturing indices can change the sentiment or continue the selloff.

All in all, i honestly think ppl r tired of selling for the past two months here and those long term superfund managers should be picking up some dirtcheap asx50 stocks soon.