dethending thursday, page-37

well I favour a rally but not till after another sell off and new lows. The US is still in a descending triangle...a break up is possible but a break down more likely.....

and I keep looking at the US in relation to OZ. we have broken DOWN from our descending triangle. we had 2 shots yesterday of getting back into the zone and one so far today.....we failed everytime. And all this against the backdrop of a large US rise.

I think the market knows something. A breakdown in the US tonight with the GDP numbers will not surprise me. I think the GE boss may have been trying in advance to put a positive spin on a bad number.