Chuk
"Keep in mind that there are now many traders that either sold long positions when stop losses were triggered in April that might want to buy again and there may be shorts that will have to cover on any potential buying rally as their stop losses get triggered."
I agree - but this is not seasonal, and Dan Norcini has said it can take some time for these long traders to lick their wounds before coming back in. Especially as they realise that the house always wins - Is it wabbit season, duck season or stop loss (harvest) season?
"That buying by the Chinese and Indians in particular rarely gets back to the market again. Its locked up long term."
I agree
"The post tax loss rally may be more important for stocks like ABU along with any AUD effect on gold."
I think the word MAY needs to be highlighted here.
ann: trial mining update, page-73
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