redbacka's - what does that tell us - thursday, page-34

Precisely Andrew. So glad to get your view. Everyone is talking about the big head and shoudlers pattern that is evident in so many charts but while we have indices going to new highs for the year, the risks of the H&S patterns must be reduced.

Now another thought - have a look at KOL - the ETF for coal. We have had quite a nice bounce in the thermal coal price over the past couple of weeks and I think some of the coal stocks in the US are looking a bit interesting. Been wading through them here today.

RUT is the other index to have a look at. Been a bit of a lagger but if it breaks its downtrend would be another bull point.

Do appreciate your being a bit of a sounding board. So much happening under the surface again. Don't see how anyone could be bored with the market at the moment.