morning traders 6 / 2

morning all,

looked a bit like a fat finger trade or two or three on the Dow last night, anyway the correction and volatility that many hoped for is here, so bounce trades are in vogue and you wont get bored over coming days. On the ASX, most of the hotly held stocks are resource focussed, so expect a more rational approach from traders. Throwing out stocks as a reaction to a broad market correction in the US is an approach that has never worked for me, usually ends in regret. Each to their own however.

Enjoy the volatility.